Proto Labs Inc (PRLB)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 19,911 | 29,801 | 31,636 | 31,245 | 28,167 | 130,280 | 128,311 | 138,292 | 142,433 | 44,975 | 43,456 | 43,971 | 40,342 | 38,283 | 49,025 | 47,272 | 59,836 | 68,407 | 72,011 | 77,233 |
| Total assets | US$ in thousands | 743,512 | 753,786 | 758,206 | 769,803 | 795,632 | 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 |
| Operating ROA | 2.68% | 3.95% | 4.17% | 4.06% | 3.54% | 16.61% | 16.51% | 17.47% | 17.76% | 4.96% | 4.73% | 4.70% | 4.34% | 4.12% | 5.16% | 5.06% | 8.04% | 9.42% | 10.31% | 11.39% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $19,911K ÷ $743,512K
= 2.68%
Proto Labs Inc's operating return on assets (operating ROA) has exhibited some fluctuations over the past few years. The trend shows a gradual decline from March 2020 to December 2021, where operating ROA decreased from 11.39% to 4.34%. This decline indicates a potential decrease in the company's ability to generate earnings from its assets through operations during this period.
However, there was a significant improvement in operating ROA in the last quarter of 2022, reaching 17.76%, and this positive trend continued into the first half of 2023. This spike in operating ROA suggests an enhanced efficiency in asset utilization and profitability during this period.
Nevertheless, by the end of December 2023, operating ROA declined sharply to 3.54%, indicating a potential reversal or challenges in maintaining the improved profitability levels seen in the preceding quarters. This declining trend persisted into 2024, with operating ROA ranging between 2.68% and 4.17% in the first three quarters of the year.
Overall, while there have been periods of improvement and decline in Proto Labs Inc's operating return on assets, the company may need to focus on sustaining or enhancing its operational efficiency and profitability to ensure long-term financial health.
Peer comparison
Dec 31, 2024