Church & Dwight Company Inc (CHD)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,057,400 | 597,800 | 1,079,100 | 1,029,700 | 840,200 |
| Total assets | US$ in thousands | 8,569,200 | 8,345,600 | 7,996,500 | 7,414,500 | 6,657,400 |
| Operating ROA | 12.34% | 7.16% | 13.49% | 13.89% | 12.62% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,057,400K ÷ $8,569,200K
= 12.34%
The operating return on assets (operating ROA) of Church & Dwight Co., Inc. has shown some variability over the past five years. In 2023, the operating ROA stands at 12.34%, representing a noticeable improvement from the previous year's figure of 7.16%. Despite this increase, it is important to note that the 2023 operating ROA is lower than the levels seen in 2021 (13.49%), 2020 (13.89%), and 2019 (12.62%).
The trend in operating ROA indicates that the company's ability to generate operating income from its assets has fluctuated over the years, with a significant dip in 2022 followed by a recovery in 2023. The current operating ROA level of 12.34% suggests that for every dollar of assets employed, the company is generating 12.34 cents in operating income.
Further analysis and comparison with industry benchmarks may provide additional insights into Church & Dwight Co., Inc.'s operational efficiency and performance in utilizing its assets to generate operating profits.
Peer comparison
Dec 31, 2023