Bloomin Brands Inc (BLMN)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 247,386 | 101,907 | 215,555 | -158,715 | 130,573 |
| Total assets | US$ in thousands | 3,424,080 | 3,320,420 | 3,294,270 | 3,362,110 | 3,592,680 |
| ROA | 7.22% | 3.07% | 6.54% | -4.72% | 3.63% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $247,386K ÷ $3,424,080K
= 7.22%
Bloomin Brands Inc's return on assets (ROA) has varied over the past five years. In 2023, the ROA of 7.22% reflects an improvement from the previous year's 3.07%, indicating that the company generated 7.22 cents in profit for every dollar of assets. This suggests efficient utilization of assets to generate earnings.
The ROA was also significant in 2021 at 6.54%, showcasing the company's ability to generate profits relative to its total assets. However, the ROA was negative in 2020 at -4.82%, indicating that the company experienced a loss in that year relative to its asset base.
The ROA in 2019 was positive at 3.63%, indicating that the company was able to generate a profit relative to its assets. Overall, Bloomin Brands Inc's ROA has shown variability in recent years, with positive trends indicating efficient asset utilization for profitability, but also periods of challenges leading to negative returns on assets.
Peer comparison
Dec 31, 2023