Owens Corning Inc (OC)
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 | 1,812,000 | 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 | 787,000 | 840,000 | 820,000 | 796,000 |
| Total assets | US$ in thousands | 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 | 10,006,000 | 9,955,000 | 10,183,000 | 10,265,000 |
| Operating ROA | 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% | 7.87% | 8.44% | 8.05% | 7.75% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,812,000K ÷ $11,237,000K
= 16.13%
Operating return on assets (ROA) measures the efficiency of Owens Corning in generating operating income relative to its total assets. Looking at the data provided, we observe a consistent trend in the operating ROA for the company over the past eight quarters.
In Q4 2023, Owens Corning's operating ROA was 15.39%, a slight increase from the previous quarter's 15.28%. This indicates that the company was able to slightly improve its profitability in relation to its asset base in the most recent quarter.
While there were some fluctuations in the operating ROA from quarter to quarter, the general trend seems to be relatively stable, hovering around the mid to high 15% range. This consistency suggests that Owens Corning has been able to effectively utilize its assets to generate operating income over the analyzed period.
Overall, based on the data provided, Owens Corning's operating ROA appears to be relatively strong and consistent, indicating efficient asset utilization and profitability in its operations. Further analysis and comparisons with industry benchmarks could provide additional insights into the company's financial performance.