Dorman Products Inc (DORM)

Return on assets (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
Net income (ttm)	US$ in thousands	129,259	96,811	86,890	92,025	121,549	137,793	140,296	134,009	131,532	133,403	134,558	116,825	106,870	88,467	75,516	83,130	83,762	100,813	113,522	126,362
Total assets	US$ in thousands	2,292,410	2,260,350	2,256,840	2,260,660	2,341,790	1,801,210	1,761,170	1,724,300	1,673,120	1,615,850	1,269,480	1,264,270	1,220,660	1,158,830	1,179,650	1,152,780	1,041,070	1,016,820	1,016,260	927,482
ROA		5.64%	4.28%	3.85%	4.07%	5.19%	7.65%	7.97%	7.77%	7.86%	8.26%	10.60%	9.24%	8.76%	7.63%	6.40%	7.21%	8.05%	9.91%	11.17%	13.62%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $129,259K ÷ $2,292,410K
= 5.64%

To analyze Dorman Products Inc's return on assets (ROA) based on the provided data, we observe fluctuations in ROA over the past eight quarters. ROA measures how efficiently the company generates profits from its assets.

From Q1 2022 to Q4 2023, Dorman Products Inc's ROA ranged from 3.85% to 7.97%. The downward trend from Q3 2022 to Q2 2023 indicates a decrease in the company's ability to generate profit from its assets. However, the ROA increased slightly in Q4 2023 compared to the previous quarter.

The highest ROA of 7.97% was observed in Q2 2022, followed closely by Q3 2022 and Q1 2022. These quarters reflect stronger profitability relative to the more recent data points.

Overall, while Dorman Products Inc has exhibited fluctuations in ROA over the past eight quarters, the company generally maintained a positive ROA, demonstrating its ability to generate earnings relative to its assets. Tracking and analyzing ROA trends can provide insights into the company's operational efficiency and profitability.