Compass Minerals International Inc (CMP)

Operating return on assets (Operating ROA)

		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	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
Operating income (ttm)	US$ in thousands	-89,600	-96,100	-2,400	79,100	81,200	78,300	50,400	42,900	37,800	117,300	125,400	122,400	131,200	99,400	167,500	180,200	174,600	163,600	135,700	138,200
Total assets	US$ in thousands	1,595,200	1,652,100	1,805,300	1,816,900	1,733,500	1,784,700	1,764,700	1,643,500	1,577,000	1,647,200	1,693,100	1,972,500	668,300	2,261,500	2,157,800	2,085,800	2,110,800	2,443,200	2,329,800	2,320,900
Operating ROA		-5.62%	-5.82%	-0.13%	4.35%	4.68%	4.39%	2.86%	2.61%	2.40%	7.12%	7.41%	6.21%	19.63%	4.40%	7.76%	8.64%	8.27%	6.70%	5.82%	5.95%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-89,600K ÷ $1,595,200K
= -5.62%

Operating ROA for Compass Minerals International Inc has fluctuated over the past few quarters, with a notable decline in the most recent quarter. The negative operating ROA figures in the last two quarters indicate that the company generated less operating profit relative to its total assets, suggesting operational inefficiencies or challenges during that period. However, the operating ROA has shown positive trends in some quarters, particularly in the first half of 2022 and at the end of 2021, indicating strong operational performance and efficient asset utilization during those periods.

Overall, the varying operating ROA figures highlight the company's shifting profitability and operational effectiveness, and investors may want to further analyze the reasons behind these fluctuations to assess the company's performance and sustainability in the long term.