Varex Imaging Corp (VREX)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	68,300	77,100	77,400	76,200	87,200	88,200	90,100	92,800	82,000	74,100	34,700	-17,800	-32,200	-33,700	-4,600	26,800	39,900	45,700	35,900	38,600
Total assets	US$ in thousands	1,242,300	1,249,600	1,211,700	1,190,800	1,180,900	1,184,400	1,163,400	1,142,600	1,139,000	1,147,500	1,160,900	1,132,600	1,137,100	1,139,500	1,121,700	1,082,000	1,068,400	1,038,900	1,043,700	965,600
Operating ROA		5.50%	6.17%	6.39%	6.40%	7.38%	7.45%	7.74%	8.12%	7.20%	6.46%	2.99%	-1.57%	-2.83%	-2.96%	-0.41%	2.48%	3.73%	4.40%	3.44%	4.00%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $68,300K ÷ $1,242,300K
= 5.50%

The operating return on assets (operating ROA) for Varex Imaging Corp has fluctuated over the past five years. The trend shows a gradual decrease from 8.12% in March 2022 to 5.50% in December 2023. The company's operating ROA peaked at 8.12% in March 2022 and has been gradually declining since then.

Overall, Varex Imaging Corp's operating ROA has shown variability, with some quarters performing better than others. It is important for the company to closely monitor and analyze the factors contributing to these fluctuations to ensure sustainable financial performance in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

Varex Imaging Corp

VREX

5.50%

Advanced Energy Industries Inc