Universal Display (OLED)
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 | 238,803 | 217,189 | 267,110 | 227,644 | 157,526 |
| Total assets | US$ in thousands | 1,832,330 | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 |
| Operating ROA | 13.03% | 13.01% | 17.43% | 15.52% | 12.41% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $238,803K ÷ $1,832,330K
= 13.03%
Universal Display's operating return on assets (ROA) has shown a positive trend over the past five years, beginning at 12.41% on December 31, 2020, and increasing to 15.52% by December 31, 2021. This upward trajectory continued in the subsequent years, reaching a peak of 17.43% on December 31, 2022. However, there was a slight dip in the operating ROA to 13.01% by December 31, 2023, followed by a marginal increase to 13.03% on December 31, 2024.
Overall, the operating ROA indicates the company's efficiency in generating operating profits from its assets. The increasing trend from 2020 to 2022 suggests improved asset utilization and operational performance. The subsequent fluctuations in 2023 and 2024 may need further examination to understand the factors influencing these variations in operating ROA.
Peer comparison
Dec 31, 2024