Brinker International Inc (EAT)

Operating return on assets (Operating ROA)

		Jun 30, 2024	Mar 31, 2024	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 23, 2020	Sep 23, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	229,600	215,800	210,100	188,400	144,400	129,800	115,000	114,100	159,500	215,400	218,200	200,500	199,300	45,500	34,400	55,800	62,600	179,800	208,900	215,000
Total assets	US$ in thousands	2,593,100	2,495,700	2,510,700	2,474,800	2,487,000	2,478,100	2,519,600	2,493,800	2,484,400	2,458,800	2,457,300	2,339,400	2,274,900	2,309,000	2,357,700	2,335,300	2,356,000	2,585,400	2,503,700	2,491,000
Operating ROA		8.85%	8.65%	8.37%	7.61%	5.81%	5.24%	4.56%	4.58%	6.42%	8.76%	8.88%	8.57%	8.76%	1.97%	1.46%	2.39%	2.66%	6.95%	8.34%	8.63%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $229,600K ÷ $2,593,100K
= 8.85%

Brinker International Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past few quarters. From December 2019 to June 2020, there was a general uptrend in operating ROA, peaking at 8.63% in December 2020. However, there was a significant drop in operating ROA in the following quarter, March 2021, to as low as 1.46%.

Subsequently, there was a gradual recovery in operating ROA, reaching 8.85% in June 2024. Despite the fluctuations, the operating ROA has generally been above 5% since September 2022, indicating a reasonable ability of the company to generate operating profits relative to its assets.

It is important for stakeholders to closely monitor Brinker International Inc's operating ROA to assess the company's operational efficiency and profitability. Further analysis of the factors influencing these fluctuations, such as changes in operating income or asset utilization, would provide more insights into the company's financial performance.