J & J Snack Foods Corp (JJSF)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 117,545 | 119,406 | 117,584 | 109,873 | 109,518 | 89,421 | 62,387 | 56,282 | 61,799 | 65,459 | 82,343 | 85,485 | 71,218 | 49,881 | -7,683 | -3,931 | 17,194 | 44,326 | 102,788 | 116,577 |
| Total assets | US$ in thousands | 1,365,100 | 1,380,680 | 1,335,610 | 1,292,560 | 1,277,240 | 1,304,100 | 1,224,960 | 1,227,550 | 1,216,970 | 1,291,240 | 1,123,330 | 1,111,910 | 1,122,220 | 1,101,550 | 1,064,920 | 1,051,840 | 1,056,550 | 1,057,290 | 1,077,940 | 1,096,110 |
| Operating ROA | 8.61% | 8.65% | 8.80% | 8.50% | 8.57% | 6.86% | 5.09% | 4.58% | 5.08% | 5.07% | 7.33% | 7.69% | 6.35% | 4.53% | -0.72% | -0.37% | 1.63% | 4.19% | 9.54% | 10.64% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $117,545K ÷ $1,365,100K
= 8.61%
The operating return on assets (operating ROA) of J & J Snack Foods Corp has shown fluctuations over the past few quarters. The operating ROA has been improving from 4.58% in December 2022 to 8.80% in March 2024, indicating that the company has been generating more operating income per dollar of assets. This upward trend suggests that management has been effective in utilizing the company's assets to generate operating profits.
However, there was a slight dip in operating ROA in the most recent quarter, September 2024, where it stood at 8.61%. While this decrease is relatively small, it is essential for the company to monitor this metric closely to ensure that it maintains or improves its profitability efficiency.
Looking at the broader trend, the company's operating ROA performance has generally been positive over the last few quarters, with some quarters even showing double-digit percentages. This indicates that J & J Snack Foods Corp has been successful in managing its asset base efficiently to drive operating profitability.
Overall, while there have been fluctuations in the operating ROA of J & J Snack Foods Corp, the company has shown a general trend of improving profitability efficiency over the past few quarters, reflecting positively on its operational performance.