Brunswick Corporation (BC)
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 | 734,900 | 818,200 | 859,800 | 944,400 | 947,800 | 878,000 | 849,300 | 820,500 | 812,900 | 827,600 | 811,200 | 668,000 | 539,300 | 477,300 | 404,400 | 460,100 | 471,000 | 466,200 | 444,700 | 375,100 |
| Total assets | US$ in thousands | 6,230,500 | 6,100,900 | 6,290,100 | 6,288,600 | 6,321,300 | 6,124,900 | 6,166,500 | 6,093,000 | 5,425,000 | 5,180,600 | 4,138,500 | 3,943,200 | 3,770,600 | 3,690,800 | 3,739,100 | 3,904,600 | 3,564,400 | 3,654,400 | 4,040,800 | 4,334,900 |
| Operating ROA | 11.80% | 13.41% | 13.67% | 15.02% | 14.99% | 14.33% | 13.77% | 13.47% | 14.98% | 15.97% | 19.60% | 16.94% | 14.30% | 12.93% | 10.82% | 11.78% | 13.21% | 12.76% | 11.01% | 8.65% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $734,900K ÷ $6,230,500K
= 11.80%
Based on the data provided, Brunswick Corp.'s operating return on assets (ROA) has shown some fluctuations over the past eight quarters. The operating ROA ranged from a low of 12.67% in Q4 2023 to a high of 15.52% in Q1 2023, indicating some variability in the company's ability to generate operating income relative to its total assets.
Overall, Brunswick Corp.'s operating ROA has been relatively healthy, consistently above 12% in each quarter. This suggests that the company has been efficient in utilizing its assets to generate operating profits during the period under review.
The upward trend from Q4 2022 to Q1 2023, peaking at 15.52%, indicates improved operational efficiency and profitability during that period. However, the subsequent decrease in Q2 and Q3 2023, down to 14.36% and 13.99% respectively, suggests a slight decline in the company's operating performance.
It is important for Brunswick Corp. to continue monitoring and analyzing its operating ROA to ensure sustainable profitability and efficient asset utilization in the future. Further analysis of the underlying factors contributing to these fluctuations, such as changes in operating income or total assets, would provide valuable insights into the company's financial health and performance.
Peer comparison
Dec 31, 2023