Aramark Holdings (ARMK)

Return on assets (ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	674,108	194,484	-90,833	-461,529	448,549
Total assets	US$ in thousands	16,871,200	15,082,400	14,376,200	15,712,700	13,736,300
ROA		4.00%	1.29%	-0.63%	-2.94%	3.27%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $674,108K ÷ $16,871,200K
= 4.00%

Aramark Holdings' return on assets (ROA) has shown variability over the past five years, ranging from -2.94% in 2020 to 4.00% in 2023. The positive ROA of 4.00% in 2023 indicates that the company generated a net income of 4.00% of its total assets during the fiscal year. This suggests an improvement in the company's efficiency in generating profit from its assets compared to the previous years.

The negative ROA figures in 2020 and 2021 (-2.94% and -0.63% respectively) reflect that the company incurred net losses or failed to generate sufficient income from its assets during those years. However, the significant positive ROA of 3.27% in 2019 indicates a strong performance in asset utilization and profitability.

Overall, the trend in Aramark Holdings' ROA shows that there have been fluctuations in the company's ability to generate profits relative to its asset base in the past five years, with a notable improvement in 2023. This ratio is crucial for investors and analysts to assess the company's efficiency in utilizing its assets to generate earnings. Further analysis of the company's financial performance and asset management strategies would be necessary to provide a comprehensive evaluation of its ROA trends.