Inter Parfums Inc (IPAR)

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	251,382	255,714	232,988	223,364	194,302	158,887	162,050	161,308	148,050	186,723	150,441	100,263	70,083	55,947	61,234	89,217	104,727	102,980	101,314	97,623
Total assets	US$ in thousands	1,369,330	1,394,400	1,351,660	1,380,210	1,308,540	1,111,190	1,102,450	1,162,210	1,145,360	1,126,550	1,108,320	1,145,360	890,145	816,181	753,719	781,432	828,832	800,428	815,192	824,482
Operating ROA		18.36%	18.34%	17.24%	16.18%	14.85%	14.30%	14.70%	13.88%	12.93%	16.57%	13.57%	8.75%	7.87%	6.85%	8.12%	11.42%	12.64%	12.87%	12.43%	11.84%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $251,382K ÷ $1,369,330K
= 18.36%

Interpreting the quarterly data on Inter Parfums, Inc.'s operating return on assets (operating ROA), we observe a consistent upward trend over the past eight quarters. The operating ROA improved progressively from 13.88% in Q1 2022 to its peak of 18.89% in Q3 2023. This indicates that the company has been generating a higher operating profit relative to its total assets, reflecting efficient asset utilization and operational performance. The average operating ROA over this period is around 16.61%, suggesting sustained profitability and operational efficiency. Overall, the trend in operating ROA reflects positively on Inter Parfums, Inc.'s ability to earn profits from its core operations relative to the assets deployed.