Grocery Outlet Holding Corp (GO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 39,465 | 51,260 | 54,222 | 64,692 | 79,437 | 81,220 | 71,575 | 67,198 | 65,052 | 55,802 | 55,446 | 54,992 | 62,310 | 79,935 | 103,270 | 112,963 | 106,713 | 92,281 | 64,252 | 24,287 |
| 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 |
| ROA | 1.24% | 1.63% | 1.76% | 2.17% | 2.38% | 2.77% | 2.54% | 2.43% | 2.35% | 2.03% | 2.06% | 2.03% | 2.33% | 3.05% | 4.02% | 4.52% | 4.29% | 3.85% | 2.76% | 1.05% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $39,465K ÷ $3,173,820K
= 1.24%
Return on assets (ROA) measures a company's ability to generate profit from its assets. Looking at the data provided for Grocery Outlet Holding Corp, we observe fluctuations in the ROA over the given time period.
The ROA increased from 1.05% in March 2020 to a peak of 4.52% in March 2021, indicating an improvement in the company's efficiency in generating earnings relative to its assets. However, the ROA started to decline after March 2021, reaching 1.24% by December 2024.
While the ROA remained above 2% for most of the period, the downward trend in the latter years suggests a potential decrease in the company's profitability relative to its asset base. Investors and analysts may want to further investigate the reasons behind this decline to assess the company's operational efficiency and financial health.
Peer comparison
Dec 31, 2024