Universal Display (OLED)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 217,189 | 267,110 | 227,644 | 157,526 | 158,343 |
| Total assets | US$ in thousands | 1,668,960 | 1,532,820 | 1,466,920 | 1,269,230 | 1,120,160 |
| Operating ROA | 13.01% | 17.43% | 15.52% | 12.41% | 14.14% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $217,189K ÷ $1,668,960K
= 13.01%
Universal Display Corp.'s operating return on assets (ROA) has fluctuated over the past five years, ranging from 12.41% in 2020 to 17.43% in 2022. In 2023, the operating ROA decreased to 13.01%. This ratio indicates the company's efficiency in generating operating profit from its assets. The declining trend in operating ROA from 2022 to 2023 suggests a potential decrease in profitability relative to the assets employed. Further analysis of the company's operations and asset management efficiency would be needed to ascertain the reasons behind the fluctuations in the operating ROA.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating ROA
Universal Display
OLED
13.01%
Hubbell Inc
HUBB
15.02%
Mercury Systems Inc
MRCY
-6.21%
Vishay Intertechnology Inc
VSH
11.47%