Proto Labs Inc (PRLB)
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 | 28,167 | -97,360 | -101,717 | -102,124 | -97,983 | 32,199 | 33,068 | 43,971 | 40,342 | 38,283 | 49,025 | 47,272 | 59,836 | 68,407 | 72,011 | 77,233 | 79,856 | 80,449 | 84,207 | 86,618 |
| Total assets | US$ in thousands | 772,353 | 784,245 | 777,210 | 791,373 | 802,168 | 906,938 | 918,649 | 934,751 | 928,582 | 930,311 | 949,290 | 934,448 | 744,204 | 726,126 | 698,445 | 678,090 | 673,667 | 654,899 | 645,527 | 618,596 |
| Operating ROA | 3.65% | -12.41% | -13.09% | -12.90% | -12.21% | 3.55% | 3.60% | 4.70% | 4.34% | 4.12% | 5.16% | 5.06% | 8.04% | 9.42% | 10.31% | 11.39% | 11.85% | 12.28% | 13.04% | 14.00% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $28,167K ÷ $772,353K
= 3.65%
Proto Labs Inc's operating return on assets (ROA) has shown some variability over the past eight quarters. In Q4 2023, the operating ROA was 3.67%, which was an improvement from the previous quarter's 2.72%. However, it was lower compared to Q4 2022 when it stood at 3.36%.
The overall trend in Proto Labs Inc's operating ROA appears to be relatively stable, fluctuating within a range of 2.34% to 4.70% over the past two years. While there have been fluctuations from quarter to quarter, the company has generally maintained a healthy operating ROA, indicating its ability to generate profits from its assets.
It is important for investors and stakeholders to monitor Proto Labs Inc's operating ROA along with other financial metrics to assess the company's operational efficiency and profitability in the long term.
Peer comparison
Dec 31, 2023