Embecta Corp (EMBC)

Operating return on assets (Operating ROA)

		Sep 30, 2024	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
Operating income (ttm)	US$ in thousands	166,800	166,400	161,800	178,200	221,500	78,000	123,800	167,100	194,900
Total assets	US$ in thousands	1,285,300	1,267,500	1,199,600	1,217,800	1,214,400	1,252,100	1,210,000	1,196,900	1,086,400	1,049,800	833,500	739,900
Operating ROA		12.98%	13.13%	13.49%	14.63%	18.24%	6.23%	10.23%	13.96%	17.94%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $166,800K ÷ $1,285,300K
= 12.98%

Embecta Corp's operating return on assets (operating ROA) has fluctuated over the analyzed period, ranging from as low as 6.23% to as high as 18.24%. The trend indicates some variability in the company's ability to generate operating income relative to its total assets.

In the most recent quarter, the operating ROA stands at 12.98%, showing a slight decrease from the previous quarter's 13.13%. It is important to note that the 12.98% operating ROA is higher than the values reported in the two preceding quarters, indicating a possible improvement in the company's operational efficiency and asset utilization.

The peak operating ROA of 18.24% reported in September 2023 suggests that the company was particularly efficient in generating operating income relative to its asset base during that period. However, the subsequent decline in the following quarter raises questions about the sustainability of this high performance.

Overall, Embecta Corp's operating ROA trend suggests some variability in its operational efficiency and asset management. Further analysis of the underlying factors driving these fluctuations would be necessary to provide a more detailed assessment of the company's financial performance.