CH Robinson Worldwide Inc (CHRW)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	514,607	571,212	745,299	1,082,341	1,266,782	1,390,154	1,413,314	1,204,253	1,082,108	1,001,504	858,974	787,157	673,268	603,272	636,118	674,866	789,976	908,687	953,575	945,048
Total assets	US$ in thousands	5,225,280	5,317,670	5,405,260	5,595,580	5,954,560	6,795,530	7,457,440	7,521,340	7,028,110	6,602,610	5,906,560	5,596,620	5,144,260	5,074,840	4,825,690	4,848,320	4,641,060	4,636,550	4,684,110	4,697,440
Operating ROA		9.85%	10.74%	13.79%	19.34%	21.27%	20.46%	18.95%	16.01%	15.40%	15.17%	14.54%	14.06%	13.09%	11.89%	13.18%	13.92%	17.02%	19.60%	20.36%	20.12%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $514,607K ÷ $5,225,280K
= 9.85%

C.H. Robinson Worldwide, Inc.'s operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. The operating ROA decreased from 21.27% in Q4 2022 to 9.85% in Q4 2023, indicating a significant decline in the company's ability to generate operating income relative to its total assets.

Subsequently, the operating ROA improved in Q3 2023 to 10.74%, suggesting a partial recovery in efficiency. The following quarter, in Q2 2023, there was a significant increase in operating ROA to 13.79%, indicating better utilization of assets to generate operating profits.

The operating ROA reached its peak in Q1 2023 at 19.34%, reflecting a substantial improvement in the company's operational efficiency and profitability. However, this level was not sustained in the subsequent quarters, as operating ROA declined in Q2 2023 and Q3 2023.

Overall, C.H. Robinson Worldwide, Inc.'s operating ROA performance over the periods analyzed shows variability, with fluctuations in the company's ability to generate operating income in relation to its total assets. Further analysis and examination of the company's operations and financial strategies may be necessary to understand the factors contributing to these fluctuations in operating ROA.