Frontdoor Inc (FTDR)
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 | 242,000 | 253,000 | 197,000 | 138,000 | 114,000 | 109,000 | 171,000 | 227,000 | 234,000 | 237,000 | 208,000 | 194,000 | 205,000 | 227,000 | 244,000 | 257,000 | 261,000 | 263,000 | 246,000 | |
| Total assets | US$ in thousands | 1,089,000 | 1,168,000 | 1,136,000 | 1,128,000 | 1,082,000 | 1,095,000 | 1,076,000 | 1,058,000 | 1,069,000 | 1,161,000 | 1,135,000 | 1,355,000 | 1,405,000 | 1,407,000 | 1,361,000 | 1,291,000 | 1,250,000 | 1,217,000 | 1,179,000 | 1,097,000 |
| Operating ROA | 22.22% | 21.66% | 17.34% | 12.23% | 10.54% | 9.95% | 15.89% | 21.46% | 21.89% | 20.41% | 18.33% | 14.32% | 14.59% | 16.13% | 17.93% | 19.91% | 20.88% | 21.61% | 20.87% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $242,000K ÷ $1,089,000K
= 22.22%
Operating ROA measures how efficiently Frontdoor Inc. generates operating profit from its assets. The trend of operating ROA shows improvement over the quarters, indicating the company's increasing ability to generate operating income relative to its assets. In Q4 2022, the operating ROA was 14.33%, demonstrating a steady growth in operational efficiency. This trend continued in subsequent quarters, reaching 24.52% in Q4 2023, reflecting a significant improvement in asset utilization and profitability. The consistent increase in operating ROA suggests that Frontdoor Inc. is effectively managing its operations and utilizing its assets to generate profits. This positive trend may indicate strong operational performance and financial health for the company.
Peer comparison
Dec 31, 2023