Grocery Outlet Holding Corp (GO)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 125,782 | 130,820 | 117,950 | 108,380 | 94,990 | 86,457 | 87,913 | 84,676 | 89,095 | 101,492 | 105,664 | 114,349 | 107,375 | 96,551 | 90,184 | |||
| Total assets | US$ in thousands | 2,969,590 | 2,929,460 | 2,823,090 | 2,769,680 | 2,772,400 | 2,751,030 | 2,693,400 | 2,707,050 | 2,669,810 | 2,617,670 | 2,565,750 | 2,498,740 | 2,485,620 | 2,394,270 | 2,324,290 | 2,319,100 | 2,185,530 | 2,134,850 |
| Operating ROA | 4.24% | 4.47% | 4.18% | 3.91% | 3.43% | 3.14% | 3.26% | 3.13% | 3.34% | 3.88% | 4.12% | 4.58% | 4.32% | 4.03% | 3.88% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $125,782K ÷ $2,969,590K
= 4.24%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate earnings from its operations relative to its total assets. Grocery Outlet Holding Corp's operating ROA has shown variability over the past several quarters, ranging from a low of 3.13% in March 2022 to a high of 4.58% in June 2021.
The trend in operating ROA for Grocery Outlet Holding Corp appears to be generally positive, with an upward trajectory from the end of 2020 through the middle of 2021, followed by some fluctuations in the subsequent periods. The company's operating ROA has consistently been above 3% in recent quarters, indicating that it is efficient in generating operating income from its asset base.
However, it is important to note that operating ROA alone may not provide a complete picture of the company's financial performance. It is advisable to complement this analysis with other financial metrics and factors to gain a more holistic understanding of Grocery Outlet Holding Corp's operational efficiency and profitability.
Peer comparison
Dec 31, 2023