Bloomin Brands Inc (BLMN)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 325,144 | 330,421 | 308,958 | -174,973 | 191,090 |
| Total assets | US$ in thousands | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 | 3,592,680 |
| Operating ROA | 9.50% | 9.95% | 9.38% | -5.20% | 5.32% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $325,144K ÷ $3,424,080K
= 9.50%
Operating Return on Assets (ROA) is an important financial ratio that indicates how efficiently a company is generating operating profits relative to its total assets. Bloomin Brands Inc's Operating ROA has shown a positive trend over the past five years, with the ratio improving from 5.57% in 2019 to 10.48% in 2023.
The significant increase in Operating ROA from 2019 to 2023 signifies that the company has become more efficient in generating operating income from its assets. This improvement indicates better management of the company's assets to generate higher operating profits.
Despite a slight dip in 2020 where the Operating ROA was negative at -2.93%, the company managed to recover and strengthen its performance in the following years. This positive trend in Operating ROA reflects positively on Bloomin Brands Inc's operational efficiency and profitability.
Overall, the increasing trend in Bloomin Brands Inc's Operating ROA indicates that the company has been successful in utilizing its assets effectively to generate operating income, which is a favorable sign for investors and stakeholders.
Peer comparison
Dec 31, 2023