Fortune Brands Innovations Inc. (FBIN)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 737,900 | 693,500 | 684,900 | 638,400 | 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 |
| Total assets | US$ in thousands | 6,561,800 | 6,598,400 | 6,673,900 | 6,791,500 | 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 |
| Operating ROA | 11.25% | 10.51% | 10.26% | 9.40% | 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% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $737,900K ÷ $6,561,800K
= 11.25%
Fortune Brands Innovations Inc.'s operating return on assets (operating ROA) has shown fluctuations over the periods indicated in the data. The operating ROA ranged from a low of 6.81% on September 30, 2022, to a high of 13.51% on September 30, 2021, showcasing volatility in the company's operating efficiency and asset management.
The operating ROA was relatively stable in 2020 and early 2021, hovering around the 10-12% range, indicating consistent profitability generated from the company's operational activities relative to its total assets. However, in the latter part of 2021 and into 2022, the operating ROA declined steadily, reaching its lowest point of 6.81% on September 30, 2022, suggesting potential challenges in effectively utilizing its assets to generate profits during that period.
Subsequently, there was a rebound in operating ROA as the percentage increased to 12.65% by December 31, 2022, showing improved operational efficiency and asset utilization. The trend continued into 2023, although there were fluctuations, with operating ROA ranging between 9.36% to 12.16% during the year.
By the end of 2024, Fortune Brands Innovations Inc. managed to increase its operating ROA to 11.25%, which was higher than at the beginning of the year. This improvement suggests the company may have implemented strategies to enhance its operational performance and optimize its asset base to generate higher returns compared to the preceding periods.
Overall, the analysis of Fortune Brands Innovations Inc.'s operating ROA indicates varying levels of operating efficiency and asset productivity over the observed periods, underscoring the importance of consistently monitoring and managing these key financial metrics to drive sustainable profitability.
Peer comparison
Dec 31, 2024