Floor & Decor Holdings Inc (FND)
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 | 321,428 | 369,983 | 386,868 | 398,304 | 396,760 | 363,128 | 344,868 | 337,015 | 338,992 | 345,917 | 341,322 | 263,854 | 214,579 | 188,689 | 141,287 | 166,093 | 159,181 | 140,370 | 143,207 | 134,557 |
| Total assets | US$ in thousands | 4,662,550 | 4,638,080 | 4,475,470 | 4,335,190 | 4,351,240 | 4,244,670 | 4,199,380 | 3,893,390 | 3,730,700 | 3,628,110 | 3,364,300 | 2,964,720 | 2,880,420 | 2,714,400 | 2,528,730 | 2,633,880 | 2,324,310 | 2,156,870 | 2,011,120 | 1,873,350 |
| Operating ROA | 6.89% | 7.98% | 8.64% | 9.19% | 9.12% | 8.55% | 8.21% | 8.66% | 9.09% | 9.53% | 10.15% | 8.90% | 7.45% | 6.95% | 5.59% | 6.31% | 6.85% | 6.51% | 7.12% | 7.18% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $321,428K ÷ $4,662,550K
= 6.89%
Floor & Decor Holdings Inc's operating return on assets (operating ROA) has shown a fluctuating trend over the past several quarters, ranging from 5.59% to 10.15%. The company's operating ROA was relatively stable in the range of 8% to 9% for most of the periods, with occasional spikes above and below this range.
The highest operating ROA recorded was 10.15% in the second quarter of 2021, indicating that the company generated $0.1015 in operating income for every $1 of assets it held during that period. This could suggest effective asset utilization and operational efficiency during that quarter.
On the other hand, the lowest operating ROA observed was 5.59% in the first quarter of 2020, indicating a lower level of operating income generated per dollar of assets. This might imply challenges in managing assets efficiently and driving profitability during that period.
Overall, it would be important for Floor & Decor Holdings Inc to closely monitor its operating ROA and strive to maintain or improve it over time, as this ratio serves as a key metric for evaluating the company's operational efficiency and profitability relative to its asset base.
Peer comparison
Dec 31, 2023