CAVA Group, Inc. (CAVA)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	43,118	4,725	-14,777	-27,177	72,400
Total assets	US$ in thousands	1,169,670	983,757	654,435	362,832	1,739,900
Operating ROA		3.69%	0.48%	-2.26%	-7.49%	4.16%

December 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $43,118K ÷ $1,169,670K
= 3.69%

The operating return on assets (ROA) for CAVA Group, Inc. demonstrates a fluctuating trend over the period from December 31, 2020, to December 31, 2024. At the end of 2020, the operating ROA was 4.16%, indicating a positive efficiency in generating operating income relative to total assets. However, this metric experienced a significant decline in 2021, turning negative at -7.49%, thus reflecting an operational downturn that reduced the company's ability to generate operating income from its assets. The negative reading persisted into 2022, with an operating ROA of -2.26%, though it represented a partial recovery from the previous year's decline.

By the end of 2023, the operating ROA returned to a positive figure at 0.48%, although it remained modest and indicates a subdued efficiency level. The trend continued positively in 2024, with the operating ROA improving to 3.69%, suggesting a notable rebound in operational performance and a better utilization of assets to generate operating income. Overall, the data indicates periods of operational distress followed by recovery phases, with the most recent figures reflecting a more favorable operating environment compared to the previous two years.