Cracker Barrel Old Country Store (CBRL)

Operating return on assets (Operating ROA)

		Aug 2, 2024	Apr 26, 2024	Jan 26, 2024	Oct 27, 2023	Jul 28, 2023	Apr 28, 2023	Jan 27, 2023	Oct 28, 2022	Jul 29, 2022	Apr 29, 2022	Jan 28, 2022	Oct 29, 2021	Jul 30, 2021	Apr 30, 2021	Jan 29, 2021	Oct 30, 2020	Jul 31, 2020	May 1, 2020	Jan 31, 2020	Nov 1, 2019
Operating income (ttm)	US$ in thousands	45,119	64,140	100,202	108,411	120,617	112,352	126,016	133,709	153,003	182,699	204,735	172,466	366,659	344,070	212,604	277,344	103,611	142,902	286,963	284,539
Total assets	US$ in thousands	2,161,490	2,157,090	2,185,060	2,219,630	2,218,090	2,213,470	2,256,710	2,287,050	2,294,910	2,279,130	2,302,440	2,372,740	2,391,690	2,642,920	2,872,040	2,920,120	2,544,260	2,235,880	2,136,920	2,137,890
Operating ROA		2.09%	2.97%	4.59%	4.88%	5.44%	5.08%	5.58%	5.85%	6.67%	8.02%	8.89%	7.27%	15.33%	13.02%	7.40%	9.50%	4.07%	6.39%	13.43%	13.31%

August 2, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $45,119K ÷ $2,161,490K
= 2.09%

The operating return on assets (operating ROA) for Cracker Barrel Old Country Store has shown fluctuations over the financial periods analyzed. The operating ROA started at 13.31% in November 2019, increased to 15.33% in January 2023, and then declined to 2.09% in August 2024.

The trend indicates that the company's operating performance in generating profits from its assets has varied significantly. A higher operating ROA indicates that Cracker Barrel Old Country Store is effectively utilizing its assets to generate operating income. On the other hand, a lower operating ROA suggests that the company may not be generating sufficient operating income relative to its assets.

It is important for investors and stakeholders to delve deeper into the reasons behind these fluctuations to understand the factors impacting Cracker Barrel Old Country Store's operating performance over time. Factors such as changes in sales, costs, asset utilization, and efficiency in operations could all contribute to the fluctuations observed in the operating ROA. Further analysis and comparison with industry benchmarks would provide more insights into the company's operating efficiency and profitability.