Domino’s Pizza Inc (DPZ)
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 | 819,519 | 767,925 | 780,408 | 725,642 | 629,407 |
| Total assets | US$ in thousands | 1,674,900 | 1,602,220 | 1,671,820 | 1,567,170 | 1,382,090 |
| Operating ROA | 48.93% | 47.93% | 46.68% | 46.30% | 45.54% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $819,519K ÷ $1,674,900K
= 48.93%
Dominos Pizza Inc's operating return on assets (operating ROA) has shown a positive trend over the past five years. The operating ROA has steadily increased from 45.54% in December 2019 to 48.94% in December 2023. This indicates that the company has been successful in generating operating income relative to its total assets.
The consistent improvement in the operating ROA demonstrates Dominos Pizza Inc's ability to efficiently utilize its assets to generate operating profits. It suggests that the company's operational efficiency and asset management have been effective in driving profitability.
Overall, Dominos Pizza Inc's increasing operating ROA reflects positively on the company's operational performance and financial health, showcasing its ability to generate earnings from its asset base.
Peer comparison
Dec 31, 2023