Sealed Air Corporation (SEE)
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 | 754,600 | 944,800 | 900,900 | 788,100 | 578,500 |
| Total assets | US$ in thousands | 7,200,600 | 6,214,700 | 6,229,300 | 6,083,800 | 5,765,200 |
| Operating ROA | 10.48% | 15.20% | 14.46% | 12.95% | 10.03% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $754,600K ÷ $7,200,600K
= 10.48%
Sealed Air Corp.'s operating return on assets (Operating ROA) has shown variability over the past five years. The operating ROA decreased from 15.30% in 2022 to 11.38% in 2023. This decline indicates that the company's operating earnings generated from its assets decreased in 2023 compared to the previous year. However, it is important to note that the 11.38% operating ROA in 2023 is still higher than the levels seen in 2020 and 2019.
Overall, Sealed Air Corp. has demonstrated a healthy ability to generate operating income relative to its asset base, as evidenced by the consistently positive operating ROA figures over the past five years. However, the recent decline in operating ROA in 2023 may warrant further investigation to understand the factors contributing to this trend and whether it is a temporary fluctuation or part of a longer-term pattern.
Peer comparison
Dec 31, 2023