Dine Brands Global Inc (DIN)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	178,877	166,248	173,863	55,453	196,129
Total assets	US$ in thousands	1,740,290	1,881,490	1,999,370	2,074,900	2,049,500
Operating ROA		10.28%	8.84%	8.70%	2.67%	9.57%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $178,877K ÷ $1,740,290K
= 10.28%

Dine Brands Global Inc's operating return on assets (operating ROA) has fluctuated over the past five years. In 2023, the operating ROA stood at 10.95%, showing an improvement compared to the previous year's 9.51% but slightly lower than the 2019 figure of 10.44%. The company experienced a significant increase in operating ROA from 2020 to 2021, jumping from 4.70% to 9.81%, signifying a notable operational performance improvement during that period. Overall, Dine Brands Global Inc has demonstrated a solid operational efficiency in generating profits from its assets, as reflected in its operating ROA figures over the years.