Owens Corning Inc (OC)
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 | 1,127,000 | 1,812,000 | 1,714,000 | 1,438,000 | -138,000 |
| Total assets | US$ in thousands | 14,075,000 | 11,237,000 | 10,752,000 | 10,015,000 | 9,481,000 |
| Operating ROA | 8.01% | 16.13% | 15.94% | 14.36% | -1.46% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,127,000K ÷ $14,075,000K
= 8.01%
Owens Corning Inc's operating return on assets (operating ROA) has seen significant fluctuations over the years based on the provided data.
In December 2020, the company's operating ROA was at a negative 1.46%, indicating that the company was experiencing challenges in generating operating income relative to its total assets.
However, there was a marked improvement in performance in the subsequent years. By the end of December 2021, the operating ROA had surged to 14.36%, signaling a strong recovery and increased efficiency in asset utilization.
This positive trend continued into 2022 and 2023, with the operating ROA reaching 15.94% and 16.13% respectively. The company demonstrated a consistent ability to generate operating income from its asset base during these years.
However, there was a slight dip in operating ROA by the end of December 2024, dropping to 8.01%. This decrease could potentially indicate a decline in operational efficiency or profitability during that period.
Overall, while Owens Corning Inc has shown improvements in its operating ROA over the years, there was a notable fluctuation in performance, highlighting the importance of monitoring and managing asset utilization to sustain profitability.