Aramark Holdings (ARMK)

Operating return on assets (Operating ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	862,926	628,365	191,444	-264,900	891,159
Total assets	US$ in thousands	16,871,200	15,082,400	14,376,200	15,712,700	13,736,300
Operating ROA		5.11%	4.17%	1.33%	-1.69%	6.49%

September 30, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $862,926K ÷ $16,871,200K
= 5.11%

The operating return on assets (operating ROA) for Aramark Holdings has varied over the past five years. In 2023, the operating ROA stood at 5.11%, representing an increase from the previous year's 4.17%. This suggests that the company generated a higher operating profit relative to its total assets in the most recent period.

Looking back further, in 2021 and 2020, the operating ROA was 1.33% and -1.69%, respectively. The negative figure in 2020 indicated that the company incurred an operating loss relative to its assets during that year, reflecting potential inefficiencies or challenges faced by the company.

Conversely, in 2019, Aramark Holdings achieved a relatively high operating ROA of 6.49%, indicating strong profitability generated from its operations compared to the total assets employed.

Overall, the trend in operating ROA for Aramark Holdings demonstrates fluctuation over the period, suggesting varying levels of operational efficiency and profitability relative to the company's asset base.