Regal Beloit Corporation (RRX)
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 | 377,100 | 690,400 | 358,300 | 278,000 | 351,100 |
| Total assets | US$ in thousands | 15,431,400 | 10,268,900 | 10,367,400 | 4,589,000 | 4,430,700 |
| Operating ROA | 2.44% | 6.72% | 3.46% | 6.06% | 7.92% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $377,100K ÷ $15,431,400K
= 2.44%
The operating return on assets (operating ROA) for Regal Rexnord Corp has fluctuated over the past five years. In 2023, the operating ROA was 3.43%, which was a decrease from the previous year's 6.73%. This decrease indicates that the company's operating income generated from its assets was lower compared to the prior year.
Looking further back, in 2021, the operating ROA was 6.45%, slightly higher than the 2022 figure. However, there was a notable decline in 2022 compared to 2021. Similarly, in 2020, the operating ROA was 7.14%, indicating relatively strong operating performance. Overall, the trend suggests some volatility in the company's ability to generate operating income from its assets over the years analyzed.
Further analysis of the factors contributing to these fluctuations, such as changes in revenue, expenses, asset utilization, and overall operational efficiency, would provide a more in-depth understanding of Regal Rexnord Corp's performance.
Peer comparison
Dec 31, 2023