Bloomin Brands Inc (BLMN)

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	325,144	352,432	345,525	343,798	330,421	324,770	288,298	325,216	308,958	223,234	194,142	-42,407	-174,973	-124,557	-88,344	67,028	191,090	169,333	159,912	149,376
Total assets	US$ in thousands	3,424,080	3,350,910	3,273,130	3,231,790	3,320,420	3,219,200	3,230,000	3,203,360	3,294,270	3,218,600	3,246,750	3,285,320	3,362,110	3,367,600	3,433,580	3,766,600	3,592,680	3,468,950	3,511,730	3,552,550
Operating ROA		9.50%	10.52%	10.56%	10.64%	9.95%	10.09%	8.93%	10.15%	9.38%	6.94%	5.98%	-1.29%	-5.20%	-3.70%	-2.57%	1.78%	5.32%	4.88%	4.55%	4.20%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $325,144K ÷ $3,424,080K
= 9.50%

Operating return on assets (ROA) provides insight into Bloomin Brands Inc's ability to generate operating profits relative to its total assets. The trend in operating ROA over the past eight quarters shows stability, with values ranging from 9.19% to 10.87%. The highest operating ROA was recorded in Q1 2023 at 10.87%, indicating efficient utilization of assets to generate operating income. Q2 2023 and Q3 2023 also showed strong performance with operating ROA above 10%.

Overall, the consistent performance of operating ROA above 10% reflects Bloomin Brands Inc's effective management of assets to generate operating earnings. This metric suggests that the company is efficiently utilizing its assets to generate operating profits, which is a positive indicator for investors and stakeholders. However, it is worth monitoring future trends to ensure continued efficiency in asset utilization.