Dine Brands Global Inc (DIN)

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	178,977	161,677	162,831	166,296	166,348	175,910	176,812	183,279	173,963	205,407	184,736	106,989	110,595	138,880	159,785	234,909	248,508	251,211	254,750	244,182
Total assets	US$ in thousands	1,740,290	1,659,580	1,666,550	1,758,070	1,881,490	1,972,020	1,881,770	1,888,280	1,999,370	1,922,500	1,895,920	1,856,290	2,074,900	2,070,920	2,043,270	2,185,470	2,049,500	1,997,510	2,040,660	2,076,120
Operating ROA		10.28%	9.74%	9.77%	9.46%	8.84%	8.92%	9.40%	9.71%	8.70%	10.68%	9.74%	5.76%	5.33%	6.71%	7.82%	10.75%	12.13%	12.58%	12.48%	11.76%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $178,977K ÷ $1,740,290K
= 10.28%

The operating return on assets (ROA) of Dine Brands Global Inc has shown a steady improvement over the past eight quarters. The operating ROA increased from 9.51% in Q4 2022 to 10.95% in Q4 2023, indicating the company's ability to generate more operating income with its assets.

The trend in operating ROA remained relatively stable throughout Q1 to Q3 of 2023, fluctuating between 10.27% and 10.79%. This suggests consistent operational efficiency and effective utilization of assets during this period.

Comparing Q4 2023 to Q4 2022, there is a notable increase in the operating ROA from 9.51% to 10.95%, indicating an improvement in the company's profitability relative to its assets.

Overall, the upward trend in operating ROA demonstrates Dine Brands Global Inc's effectiveness in generating operating income from its assets, which can be considered a positive indicator of the company's operational performance.