Silgan Holdings Inc (SLGN)
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 | 546,669 | 504,113 | 480,701 | 437,492 | 359,486 |
| Total assets | US$ in thousands | 7,611,240 | 7,345,760 | 7,770,850 | 6,511,590 | 4,931,060 |
| Operating ROA | 7.18% | 6.86% | 6.19% | 6.72% | 7.29% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $546,669K ÷ $7,611,240K
= 7.18%
The operating return on assets (operating ROA) for Silgan Holdings Inc. has fluctuated over the past five years, as shown in the table. In 2023, the operating ROA was 7.99%, slightly lower than the previous year's 8.59%. This decline indicates that the company's operating income generated from its assets decreased in 2023 compared to 2022.
Looking back further, we can see that in 2021, the operating ROA was 6.95%, showing a slight improvement in 2022. However, the operating ROA in 2023 remained higher than in 2021. This suggests that the company was able to increase its operating income relative to its assets in 2023 compared to 2021.
Comparing the operating ROA in 2023 to 2020 and 2019, we see that it was lower than both those years. This indicates that Silgan Holdings Inc. was more efficient in generating operating income from its assets in 2020 and 2019 compared to 2023.
Overall, the trend in Silgan Holdings Inc.'s operating ROA shows some fluctuations over the past five years, reflecting changes in the company's operational efficiency and asset utilization. Further analysis of the company's financial performance and operational strategies would be needed to fully understand the factors contributing to these variations in the operating ROA.
Peer comparison
Dec 31, 2023