Grocery Outlet Holding Corp (GO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | |||
| 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 |
| ROA | 2.68% | 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% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $79,437K ÷ $2,969,590K
= 2.68%
The Return on Assets (ROA) of Grocery Outlet Holding Corp has exhibited fluctuations over the past several quarters. ROA measures the efficiency of the company in generating profits from its assets.
Looking at the trend, the ROA for the company has generally been on a downward trajectory over the quarters analyzed. It decreased from 4.52% in the first quarter of 2021 to 2.68% by the end of December 2023.
This decline in ROA could suggest inefficiencies in asset utilization or challenges in generating sufficient profits relative to the size of the company's asset base. Further analysis would be needed to determine the specific factors contributing to the decreasing ROA trend observed over the quarters.
Investors and stakeholders may need to closely monitor the company's asset management strategies and profitability performance to assess whether corrective measures are necessary to improve the ROA metric in the future.
Peer comparison
Dec 31, 2023