Jack In The Box Inc (JACK)

Return on assets (ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	130,826	115,781	165,755	89,764	94,437
Total assets	US$ in thousands	3,001,090	2,922,510	1,750,140	1,906,490	958,483
ROA		4.36%	3.96%	9.47%	4.71%	9.85%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $130,826K ÷ $3,001,090K
= 4.36%

To analyze Jack In The Box Inc's return on assets (ROA) over the past five years, we observe a fluctuating trend. In 2019, the ROA was relatively high at 9.85%, indicating efficient utilization of assets to generate profits. This was followed by a decrease in 2020 to 4.71%, suggesting a drop in asset efficiency and profitability. In 2021, there was a significant improvement in ROA to 9.47%, signaling a strong rebound in asset productivity. However, in 2022, the ROA dipped slightly to 3.96%, which may indicate potential challenges in asset management and earnings generation.

The most recent data for September 30, 2023, shows an ROA of 4.36%, which is higher than the previous year but lower than the peak in 2021. This suggests ongoing efforts to enhance asset efficiency and profitability, although there may still be room for improvement compared to the performance in 2019 and 2021.

Overall, Jack In The Box Inc's ROA has demonstrated variability in recent years, reflecting fluctuations in asset utilization and profit generation. Continuous monitoring and optimization of asset management strategies could further enhance the company's financial performance in the future.