Aramark Holdings (ARMK)

Return on assets (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
Net income (ttm)	US$ in thousands	628,493	674,108	544,472	246,317	226,024	194,484	154,117	146,345	33,021	-90,833	-274,852	-563,849	-688,533	-461,529	-227,382	112,013	343,626	448,547	538,445	528,067
Total assets	US$ in thousands	12,419,400	16,871,200	15,397,500	15,456,100	15,290,500	15,082,400	14,988,800	14,662,200	14,465,500	14,376,200	14,050,100	14,487,700	14,506,200	15,712,700	15,622,100	14,847,500	14,273,100	13,736,300	13,729,500	13,710,800
ROA		5.06%	4.00%	3.54%	1.59%	1.48%	1.29%	1.03%	1.00%	0.23%	-0.63%	-1.96%	-3.89%	-4.75%	-2.94%	-1.46%	0.75%	2.41%	3.27%	3.92%	3.85%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $628,493K ÷ $12,419,400K
= 5.06%

The Return on Assets (ROA) of Aramark Holdings has shown fluctuations over the past 20 quarters. ROA is a key financial ratio that measures a company's ability to generate profit from its assets.

From Dec 2019 to Dec 2023, Aramark's ROA ranged from -4.75% to 5.06%. Notably, there was a significant improvement in ROA from negative figures in 2020 and early 2021 to positive values from mid-2021 to 2023. This indicates an enhancement in the company's profitability relative to its asset base during this period.

The highest ROA recorded was 5.06% in Dec 2023, suggesting that Aramark generated 5.06 cents of profit for every dollar of assets it owned. Conversely, the lowest ROA of -4.75% in Dec 2020 indicates that the company incurred a loss relative to its assets in that particular quarter.

Overall, the trend in Aramark's ROA shows a positive trajectory in recent quarters, reflecting improved efficiency in asset utilization and profitability. However, it's essential to monitor future quarters to assess the sustainability of this performance.