Proto Labs Inc (PRLB)
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 | 19,911 | 28,167 | 151,877 | 40,342 | 59,836 |
| Total assets | US$ in thousands | 743,512 | 772,353 | 802,168 | 928,582 | 744,204 |
| Operating ROA | 2.68% | 3.65% | 18.93% | 4.34% | 8.04% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $19,911K ÷ $743,512K
= 2.68%
Operating ROA is a key ratio that indicates how efficiently a company generates profits from its assets used in its core operations.
Proto Labs Inc's Operating ROA has shown fluctuations over the years:
- December 31, 2020: 8.04%
- December 31, 2021: 4.34%
- December 31, 2022: 18.93%
- December 31, 2023: 3.65%
- December 31, 2024: 2.68%
The company's Operating ROA peaked at 18.93% on December 31, 2022, indicating a high efficiency in generating profits relative to its assets during that year. However, it experienced a significant decline in the subsequent years, dropping to 3.65% in 2023 and further to 2.68% in 2024.
The downward trend in Operating ROA from 2022 to 2024 suggests a potential decrease in the company's ability to efficiently utilize its assets to generate operating profits. This decline may raise concerns about the effectiveness of the company's operational strategies or the utilization of its assets.
Further analysis, including examination of the company's operational performance, asset management efficiency, and profitability drivers, would be necessary to fully understand the factors contributing to the fluctuations in Proto Labs Inc's Operating ROA.
Peer comparison
Dec 31, 2024