Enpro Industries (NPO)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 142,300 | 76,800 | 129,100 | 228,700 | -10,300 |
| Total assets | US$ in thousands | 2,491,500 | 2,499,500 | 2,647,800 | 2,968,700 | 2,083,600 |
| Operating ROA | 5.71% | 3.07% | 4.88% | 7.70% | -0.49% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $142,300K ÷ $2,491,500K
= 5.71%
Operating ROA for Enpro Industries has shown fluctuations over the past five years. In 2020, the company reported a negative operating ROA of -0.49%, indicating that the company's operating income was not generating a sufficient return relative to its assets. However, in the following years, Enpro Industries experienced an improvement in its operating ROA, with figures of 7.70% in 2021, 4.88% in 2022, 3.07% in 2023, and 5.71% in 2024.
The increase in operating ROA from negative to positive values suggests that Enpro Industries has been able to enhance the efficiency and profitability of its operations over the years, generating a better return on its assets. Despite some fluctuations, the company has demonstrated an overall positive trend in utilizing its assets to generate operating income. Future monitoring of this metric will be essential to assess the company's ability to maintain and further improve its operational efficiency and profitability.