Fortune Brands Innovations Inc. (FBIN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 737,900 | 614,900 | 774,300 | 811,100 | 567,700 |
| Total assets | US$ in thousands | 6,561,800 | 6,565,000 | 6,120,900 | 7,936,200 | 7,358,700 |
| Operating ROA | 11.25% | 9.37% | 12.65% | 10.22% | 7.71% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $737,900K ÷ $6,561,800K
= 11.25%
The operating return on assets (operating ROA) of Fortune Brands Innovations Inc. has shown a positive trend over the past five years, increasing from 7.71% as of December 31, 2020, to 11.25% as of December 31, 2024. This indicates that the company has been able to generate more operating income relative to its total assets over this period.
The operating ROA peaked at 12.65% as of December 31, 2022, before experiencing a slight decrease in the following years. While the operating ROA decreased to 9.37% as of December 31, 2023, it rebounded to 11.25% in the most recent year, signaling improved efficiency in utilizing its assets to generate operating profits.
Overall, the increasing trend in operating ROA suggests that Fortune Brands Innovations Inc. has been effective in managing its assets to drive operating profitability, which is a positive indicator for the company's operational performance and financial health.
Peer comparison
Dec 31, 2024