Teledyne Technologies Incorporated (TDY)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	989,100	1,046,800	972,000	624,300	368,800
Total assets	US$ in thousands	14,200,500	14,527,900	14,354,000	14,446,000	5,068,600
Operating ROA		6.97%	7.21%	6.77%	4.32%	7.28%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $989,100K ÷ $14,200,500K
= 6.97%

Teledyne Technologies Incorporated's operating return on assets (operating ROA) showed some fluctuations over the past five years. The ratio decreased from 7.28% as of December 31, 2020, to 4.32% as of December 31, 2021, indicating a decline in the company's ability to generate operating profits from its assets during that period.

However, the operating ROA improved in the following years, reaching 6.77% as of December 31, 2022, and further increasing to 7.21% as of December 31, 2023. This upward trend suggests that Teledyne Technologies enhanced its operational efficiency in utilizing its assets to generate operating income.

Although there was a slight decrease to 6.97% as of December 31, 2024, compared to the previous year, the overall trend indicates a positive performance in terms of generating operating income relative to its asset base.

In conclusion, Teledyne Technologies Incorporated's operating ROA demonstrated fluctuations over the five-year period, with some years showing improvement while others experienced a slight decline. Monitoring this ratio is crucial for assessing the company's operational efficiency and asset utilization in generating profits.