Coty Inc (COTY)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 239,100 | 262,000 | 620,200 | 588,700 | 548,400 | 641,000 | 762,300 | 863,900 | 935,300 | 728,900 | 644,000 | 549,700 | 298,000 | 377,200 | 261,600 | 34,600 | -48,600 | -970,900 | -1,228,300 | -1,209,900 |
| Total assets | US$ in thousands | 11,907,700 | 11,470,500 | 11,724,300 | 12,516,000 | 12,082,500 | 12,322,200 | 13,015,700 | 12,616,900 | 12,661,600 | 12,705,500 | 12,454,600 | 11,947,900 | 12,116,100 | 13,269,100 | 13,434,000 | 14,038,400 | 13,691,400 | 13,622,300 | 14,159,800 | 17,780,100 |
| Operating ROA | 2.01% | 2.28% | 5.29% | 4.70% | 4.54% | 5.20% | 5.86% | 6.85% | 7.39% | 5.74% | 5.17% | 4.60% | 2.46% | 2.84% | 1.95% | 0.25% | -0.35% | -7.13% | -8.67% | -6.80% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $239,100K ÷ $11,907,700K
= 2.01%
Coty Inc.'s operating return on assets (ROA) exhibits a notable trend characterized by initial negative performance followed by progressive improvement over time. As of September 30, 2020, the operating ROA was -6.80%, reflecting the company's challenges in generating operating income relative to its asset base during that period. The figure deteriorated further by December 31, 2020, reaching -8.67%, indicating continued operational difficulties.
Subsequently, there was a turnaround beginning in early 2021. By March 31, 2021, the operating ROA improved to -7.13%, and by June 30, 2021, it markedly increased to -0.35%. This shift towards profitability was corroborated across subsequent quarters, as the operating ROA transitioned into positive territory, reaching 0.25% on September 30, 2021, and further climbing to 1.95% by December 31, 2021.
The positive trend persisted into 2022, with the ROA reaching 2.84% in March and sustaining at similar levels through June (2.46%) and thereafter. A continuous upward trajectory was observed, with the figure rising to 4.60% as of September 30, 2022, and then further to 5.17% at year-end 2022. Throughout 2023, the operating ROA continued its positive growth, culminating at 7.39% on June 30, 2023, before a slight decline to 6.85% by September 30, 2023. The trend remained relatively stable through the subsequent quarter, with the figure at 5.86% in December 2023.
In the most recent period available, the operating ROA appears to have declined further, falling to 5.20% on March 31, 2024, and then decreasing to 4.54% on June 30, 2024, before a modest rebound to 4.70% in the following quarter. As of December 31, 2024, the ROA stood at 5.29%, but it showed a notable decline to 2.28% by March 31, 2025, and further to 2.01% on June 30, 2025.
Overall, the data depict a trajectory from negative profitability in 2020 to consistent positive operational performance starting in 2021, with peaks around mid-2023. Recent quarters indicate some deterioration from the highs, suggesting periods of operational pressure or strategic adjustments impacting asset efficiency and profitability margins.
Peer comparison
Jun 30, 2025