Darling Ingredients Inc (DAR)
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 | 949,726 | 1,040,124 | 1,130,086 | 1,052,014 | 1,029,068 | 990,880 | 928,212 | 917,858 | 884,470 | 747,796 | 669,588 | 507,618 | 430,936 | 649,859 | 582,263 | 550,099 | 475,821 | 256,272 | 211,969 | 174,599 |
| Total assets | US$ in thousands | 11,061,100 | 10,810,300 | 10,973,200 | 10,861,100 | 9,202,370 | 8,808,750 | 8,026,690 | 6,615,620 | 6,133,730 | 5,925,720 | 5,833,320 | 5,591,450 | 5,613,330 | 5,380,990 | 5,327,150 | 5,377,780 | 5,345,260 | 4,944,900 | 5,036,600 | 4,995,050 |
| Operating ROA | 8.59% | 9.62% | 10.30% | 9.69% | 11.18% | 11.25% | 11.56% | 13.87% | 14.42% | 12.62% | 11.48% | 9.08% | 7.68% | 12.08% | 10.93% | 10.23% | 8.90% | 5.18% | 4.21% | 3.50% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $949,726K ÷ $11,061,100K
= 8.59%
Operating return on assets (Operating ROA) is a key financial ratio that indicates the efficiency of a company in generating profits from its assets used in operations. Darling Ingredients Inc's Operating ROA has displayed fluctuations over the past few quarters.
The company's Operating ROA ranged from 3.50% in Q1 2019 to 14.42% in Q4 2021, with the most recent figure recorded at 8.59% in Q4 2023. This ratio shows how well the company is utilizing its assets to generate operating income.
The trend in Operating ROA indicates that there have been some variations in the company's profitability relative to its asset base. The decreases or increases in this ratio can be attributed to factors such as changes in operating income, asset efficiency, or financial leverage.
Overall, a higher Operating ROA is generally preferred as it indicates more efficient use of assets to generate operating profit. Investors and analysts often monitor this ratio to assess a company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2023