Gibraltar Industries Inc (ROCK)
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 | 150,729 | 130,102 | 96,988 | 107,190 | 80,812 |
| Total assets | US$ in thousands | 1,256,450 | 1,210,610 | 1,214,900 | 1,212,490 | 984,450 |
| Operating ROA | 12.00% | 10.75% | 7.98% | 8.84% | 8.21% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $150,729K ÷ $1,256,450K
= 12.00%
The operating return on assets (operating ROA) of Gibraltar Industries Inc. has shown a positive trend over the past five years. The company's operating ROA has generally been increasing, indicating improved efficiency in generating operating profits relative to its assets.
In 2023, the operating ROA reached 12.30%, a notable increase from 10.75% in 2022. This improvement suggests that Gibraltar Industries Inc. has been able to generate more operating income from its assets in the most recent year.
Comparing the operating ROA to the figures in earlier years, we see a steady upward trajectory from 8.67% in 2021, 8.84% in 2020, to 8.92% in 2019. This consistent growth in operating ROA reflects the company's ability to effectively utilize its assets to generate operating profits over time.
Overall, the increasing trend in Gibraltar Industries Inc.'s operating ROA signals operational efficiency and effective asset management, indicating a positive performance in terms of generating operating income relative to its asset base.
Peer comparison
Dec 31, 2023