Chipotle Mexican Grill Inc (CMG)

Operating return on assets (Operating ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	1,916,333	1,864,048	1,785,742	1,631,499	1,557,813	1,490,697	1,432,000	1,337,788	1,160,403	1,022,368	925,795	833,722	804,943	763,533	630,949	380,485	290,164	271,434	279,959	404,918
Total assets	US$ in thousands	9,204,370	9,011,670	8,919,840	8,411,250	8,044,360	7,911,490	7,552,440	7,053,370	6,927,500	6,817,440	6,545,340	6,467,260	6,652,960	6,627,570	6,320,450	6,149,060	5,982,900	5,631,640	5,370,130	5,206,490
Operating ROA		20.82%	20.68%	20.02%	19.40%	19.37%	18.84%	18.96%	18.97%	16.75%	15.00%	14.14%	12.89%	12.10%	11.52%	9.98%	6.19%	4.85%	4.82%	5.21%	7.78%

December 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,916,333K ÷ $9,204,370K
= 20.82%

Chipotle Mexican Grill Inc's operating return on assets (ROA) has shown a positive trend over the last few years. Starting at 7.78% on March 31, 2020, the operating ROA decreased slightly by June 30, 2020, and continued to decline until reaching a low of 4.82% on September 30, 2020. However, from that point onwards, there was a notable improvement in the operating ROA performance.

The operating ROA increased steadily from September 2020, reaching 20.82% by December 31, 2024. This indicates that the company's ability to generate operating income from its assets has improved significantly over this period. The consistent upward trend in operating ROA suggests that Chipotle Mexican Grill Inc has been effectively utilizing its assets to generate operational profits.

Overall, the increasing trend in operating ROA reflects positively on Chipotle Mexican Grill Inc's operational efficiency and profitability. It indicates that the company has been successful in managing its assets effectively to generate higher returns, which is a key indicator of financial health and performance. Investors and stakeholders may view this trend as a sign of strong performance and efficient management of resources.