Bloomin Brands Inc (BLMN)

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	247,386	262,161	249,619	117,707	101,907	104,561	76,024	222,204	215,555	140,645	119,559	-55,242	-158,715	-116,500	-89,615	31,662	130,573	113,476	108,300	106,000
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
ROA		7.22%	7.82%	7.63%	3.64%	3.07%	3.25%	2.35%	6.94%	6.54%	4.37%	3.68%	-1.68%	-4.72%	-3.46%	-2.61%	0.84%	3.63%	3.27%	3.08%	2.98%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $247,386K ÷ $3,424,080K
= 7.22%

Bloomin Brands Inc's return on assets (ROA) has displayed variability over the past eight quarters. In Q4 2023, the ROA stood at 7.22%, showing a slight decrease compared to the previous quarter's 7.82%. Despite this decline, the company has maintained a relatively strong ROA above 7% for the last three quarters, signaling efficient utilization of its assets to generate profits.

A notable improvement in ROA was observed in Q1 2023, with a significant increase to 6.94% from the lower 3.64% recorded in Q4 2023. This indicates a potential strategic shift or better asset management during that period. Throughout the analyzed period, the ROA generally trended upwards, with occasional fluctuations, reflective of the company's ability to generate profits from its assets.

It is essential for Bloomin Brands Inc to sustain or further enhance its ROA to ensure continued profitability and efficient asset utilization. Further analysis of the company's operational efficiencies, asset turnover, and profitability drivers would provide a comprehensive understanding of the factors influencing its ROA performance.