Owens Corning Inc (OC)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,127,000 | 1,698,000 | 1,651,000 | 1,681,000 | 1,812,000 | 1,662,000 | 1,808,000 | 1,808,000 | 1,714,000 | 1,858,000 | 1,642,000 | 1,580,000 | 1,438,000 | 1,387,000 | 1,287,000 | 1,030,000 | -138,000 | -241,000 | -258,000 | -199,000 |
| Total assets | US$ in thousands | 14,075,000 | 15,054,000 | 14,991,000 | 11,269,000 | 11,237,000 | 11,069,000 | 11,001,000 | 10,840,000 | 10,752,000 | 10,721,000 | 10,543,000 | 10,316,000 | 10,015,000 | 9,981,000 | 9,977,000 | 9,560,000 | 9,481,000 | 9,398,000 | 9,370,000 | 9,151,000 |
| Operating ROA | 8.01% | 11.28% | 11.01% | 14.92% | 16.13% | 15.01% | 16.43% | 16.68% | 15.94% | 17.33% | 15.57% | 15.32% | 14.36% | 13.90% | 12.90% | 10.77% | -1.46% | -2.56% | -2.75% | -2.17% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,127,000K ÷ $14,075,000K
= 8.01%
Owens Corning Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past few years. The company experienced negative operating ROA figures in the first half of 2020, indicating that its operating income was insufficient to cover its assets during that period.
However, starting from the first quarter of 2021, Owens Corning's operating ROA turned positive and showed a steady upward trajectory, reaching a peak of 17.33% in the third quarter of 2022. This improvement suggests that the company was able to generate higher operating income relative to its asset base, which is a positive indicator of its operational efficiency.
In the later quarters of 2022 and into 2024, the operating ROA figures started to decline slightly, indicating some potential challenges in maintaining the same level of profitability relative to its asset base. Despite the fluctuations, the operating ROA remained at relatively healthy levels, demonstrating Owens Corning's ability to effectively utilize its assets to generate operating income.
Overall, the analysis of Owens Corning Inc's operating ROA shows a mix of positive and negative performance trends over the reviewed period. Further investigation into the company's operational strategies and market conditions would be necessary to assess the drivers behind these fluctuations and determine the sustainability of its financial performance.