Fortune Brands Innovations Inc. (FBIN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 614,800 | 663,200 | 659,400 | 726,300 | 774,300 | 573,200 | 667,100 | 742,500 | 811,100 | 1,063,100 | 1,016,700 | 894,800 | 801,400 | 760,700 | 688,500 | 717,900 | 698,500 | 646,100 | 625,200 | 611,400 |
| Total assets | US$ in thousands | 6,565,000 | 6,618,100 | 6,873,200 | 5,972,700 | 6,120,900 | 8,415,600 | 8,334,100 | 8,243,000 | 7,936,200 | 7,868,800 | 7,696,000 | 7,482,100 | 7,358,700 | 6,519,000 | 6,332,300 | 6,300,100 | 6,291,300 | 6,285,600 | 6,343,400 | 6,289,200 |
| Operating ROA | 9.36% | 10.02% | 9.59% | 12.16% | 12.65% | 6.81% | 8.00% | 9.01% | 10.22% | 13.51% | 13.21% | 11.96% | 10.89% | 11.67% | 10.87% | 11.40% | 11.10% | 10.28% | 9.86% | 9.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $614,800K ÷ $6,565,000K
= 9.36%
Operating return on assets (ROA) is a key financial ratio that measures a company's efficiency in generating profits from its assets dedicated to operations. Fortune Brands Innovations Inc.'s operating ROA has shown fluctuations over the past several quarters. The trend indicates that the company's ability to generate operating income relative to its total assets has been varying.
On average, Fortune Brands Innovations Inc. has recorded an operating ROA of approximately 10.93% over the periods listed. The highest operating ROA was observed in March 2023 at 12.16%, while the lowest was in September 2022 at 6.81%. This suggests that the company experienced a significant improvement in profitability in the first quarter of 2023 compared to a decline in the third quarter of 2022.
Overall, the operating ROA of Fortune Brands Innovations Inc. displays volatility, with fluctuations seen across different quarters. Investors and stakeholders may need to closely monitor the company's performance and asset utilization efficiency to understand the factors driving these variations in operating ROA.
Peer comparison
Dec 31, 2023