MasTec Inc (MTZ)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -1,010,516 | -989,386 | -906,542 | -923,025 | -830,350 | -620,160 | -528,005 | -381,745 | -110,128 | 262,212 | 312,342 | 296,110 | 234,795 | 195,295 | 278,639 | 2,110,125 | 3,562,812 | 5,109,912 | 6,777,770 | 6,461,110 |
| Total assets | US$ in thousands | 9,373,510 | 9,529,730 | 9,287,800 | 9,055,340 | 9,293,260 | 7,475,700 | 7,404,700 | 7,088,000 | 7,121,400 | 6,013,250 | 5,901,630 | 5,538,300 | 5,227,900 | 5,201,750 | 4,989,980 | 4,893,500 | 4,997,000 | 4,858,650 | 4,797,400 | 4,860,390 |
| Operating ROA | -10.78% | -10.38% | -9.76% | -10.19% | -8.93% | -8.30% | -7.13% | -5.39% | -1.55% | 4.36% | 5.29% | 5.35% | 4.49% | 3.75% | 5.58% | 43.12% | 71.30% | 105.17% | 141.28% | 132.93% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-1,010,516K ÷ $9,373,510K
= -10.78%
MasTec Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past few quarters. In the most recent quarter, the operating ROA was -10.78%, indicating that for every dollar of assets employed in operations, the company generated a loss of approximately 10.78 cents. This represents a slight deterioration compared to the previous quarter's -10.38%.
The trend over the past six quarters has shown a generally declining trend in operating ROA, with the metric gradually decreasing from 5.35% in March 2021 to its lowest point of -10.78% in December 2023. This decline could suggest inefficiencies in asset utilization, declining profitability of operations, or other operational challenges faced by the company.
However, it is important to note that there were significant fluctuations in the operating ROA in earlier periods, with notable highs of 141.28% in March 2019 and 105.17% in June 2019. These high points indicate that the company was able to generate significant returns on its assets during those periods.
The significant variation in operating ROA highlights the volatility in MasTec Inc's operational performance and underscores the importance of closely monitoring the company's asset management efficiency and profitability trends to assess its overall financial health and sustainability.
Peer comparison
Dec 31, 2023