Revvity Inc. (RVTY)

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	300,562	742,699	1,258,460	867,273	361,973
Total assets	US$ in thousands	13,564,700	14,129,900	15,000,600	7,960,320	6,538,560
Operating ROA		2.22%	5.26%	8.39%	10.89%	5.54%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $300,562K ÷ $13,564,700K
= 2.22%

Operating Return on Assets (ROA) is a financial ratio that measures a company's ability to generate operating profits from its assets. A higher operating ROA indicates more efficient utilization of assets to generate profits.

The trend of Revvity Inc.'s operating ROA over the past five years shows a general decline. In 2023, the operating ROA decreased significantly to 2.22% from 5.26% in 2022. This decline may suggest decreased operating efficiency or profitability relative to the company's asset base.

Comparing the latest data to previous years, Revvity Inc. had a peak operating ROA of 12.39% in 2021, followed by a decrease to 5.99% in 2019. The significant drop in 2023 raises concerns about the company's ability to generate operating income from its assets efficiently.

Further analysis is required to understand the reasons behind the declining trend in operating ROA and to identify areas for improvement within the company's operations and asset management.