Grocery Outlet Holding Corp (GO)
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 | 78,327 | 85,880 | 83,151 | 93,527 | 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 | 63,560 |
| Total assets | US$ in thousands | 3,173,820 | 3,138,520 | 3,080,680 | 2,974,530 | 3,341,310 | 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 |
| Operating ROA | 2.47% | 2.74% | 2.70% | 3.14% | 3.76% | 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% | 2.74% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $78,327K ÷ $3,173,820K
= 2.47%
Operating return on assets (ROA) is a key financial indicator that measures the efficiency and profitability of Grocery Outlet Holding Corp in generating operating income relative to its total assets. Based on the provided data, Grocery Outlet's operating ROA has fluctuated over the quarters from March 31, 2020, to December 31, 2024.
The trend in Grocery Outlet's operating ROA shows some variability, starting at 2.74% on March 31, 2020, and reaching a peak of 4.58% on March 31, 2021. Subsequently, the operating ROA experienced some fluctuations but generally trended downwards towards the end of the period, ending at 2.47% on December 31, 2024.
The highest operating ROA of 4.58% on March 31, 2021, indicates that Grocery Outlet was able to generate $0.0458 in operating income for every dollar of total assets during that period. Conversely, the lowest operating ROA of 2.47% on December 31, 2024, suggested a decline in the efficiency of asset utilization and operating profitability.
Overall, the trend in Grocery Outlet's operating ROA indicates varying levels of operational efficiency and profitability over the analyzed period. It would be essential for the company to closely monitor and manage its asset utilization and operating income generation to sustain or improve its performance and value creation for shareholders.
Peer comparison
Dec 31, 2024