Smurfit WestRock plc (SW)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,251,000 | 1,439,000 | 1,073,000 | 891,000 |
| Total assets | US$ in thousands | 12,628,000 | 12,482,000 | 11,707,000 | 10,290,000 |
| Operating ROA | 9.91% | 11.53% | 9.17% | 8.66% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,251,000K ÷ $12,628,000K
= 9.91%
The operating return on assets (ROA) of Smurfit WestRock plc has shown a fluctuating trend over the past four years. The company's operating ROA was 9.91% in 2023, down from 11.53% in 2022 but higher than the figures recorded in 2021 (9.17%) and 2020 (8.66%).
While the 2023 operating ROA decreased compared to the previous year, it is important to note that the return on assets is still relatively healthy, indicating the company's ability to generate operating income from its assets.
Overall, Smurfit WestRock plc has demonstrated a consistent performance in generating operating income relative to its assets, with fluctuations reflecting potential shifts in operational efficiency or changes in asset utilization.
Peer comparison
Dec 31, 2023