Henry Schein Inc (HSIC)
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 | 615,000 | 648,000 | 659,000 | 678,000 | 747,000 | 876,000 | 876,000 | 866,000 | 852,000 | 832,200 | 808,871 | 591,438 | 535,303 | 550,437 | 549,964 | 719,685 | 718,261 | 679,929 | 616,000 | 610,820 |
| Total assets | US$ in thousands | 10,573,000 | 9,810,000 | 9,146,000 | 8,572,000 | 8,607,000 | 8,534,000 | 8,324,000 | 8,447,000 | 8,481,000 | 8,420,750 | 8,124,070 | 7,779,920 | 7,773,000 | 7,809,900 | 7,318,120 | 7,519,200 | 7,151,100 | 7,097,080 | 7,112,340 | 7,144,860 |
| Operating ROA | 5.82% | 6.61% | 7.21% | 7.91% | 8.68% | 10.26% | 10.52% | 10.25% | 10.05% | 9.88% | 9.96% | 7.60% | 6.89% | 7.05% | 7.52% | 9.57% | 10.04% | 9.58% | 8.66% | 8.55% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $615,000K ÷ $10,573,000K
= 5.82%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate profits from its assets used in its core operations. For Henry Schein Inc, the operating ROA has shown fluctuating trends over the past quarters.
The operating ROA for the latest quarter, December 31, 2023, stands at 5.82%, which is lower compared to the preceding three quarters. This decrease could indicate potential challenges in efficiently utilizing the company's operational assets to generate profits.
Looking at the trend over the past year, the operating ROA peaked at 10.52% in June 2022 and has displayed volatility since then. The ratio has generally remained above 7% during this period, showing relative stability in the company’s operational profitability.
It is worth noting that operating ROA for Henry Schein Inc has generally been above 5% over the past five quarters, indicating that the company has been effectively leveraging its operational assets to generate profits despite fluctuations.
Overall, a deeper analysis of the underlying factors affecting the company’s operational efficiency and profitability would be required to understand the reasons behind the fluctuations in the operating ROA of Henry Schein Inc.
Peer comparison
Dec 31, 2023