MasTec Inc (MTZ)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	-1,178,690	-890,207	-193,387	-111,914	362,406
Total assets	US$ in thousands	9,373,510	9,293,260	7,121,400	5,227,900	4,997,000
Operating ROA		-12.57%	-9.58%	-2.72%	-2.14%	7.25%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $-1,178,690K ÷ $9,373,510K
= -12.57%

MasTec Inc's operating return on assets (ROA) has exhibited a downward trend from 7.25% in 2019 to -12.57% in 2023. A negative operating ROA indicates that the company's operating income is insufficient to cover its assets, suggesting operational inefficiencies or challenges. This declining trend raises concerns about the company's ability to generate profits from its assets. Management should focus on improving operational efficiency, cost control, and revenue generation strategies to reverse this trend and enhance the company's overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

MasTec Inc

MTZ

-12.57%