Kelly Services A Inc (KELYA)

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	24,300	21,600	100	2,100	14,800	25,500	55,900	61,400	48,600	42,800	31,400	28,800	-93,600	-90,000	-70,500	-46,800	81,800	101,800	106,600	92,200
Total assets	US$ in thousands	2,581,600	2,550,000	2,595,000	2,588,600	2,663,800	2,681,900	2,735,200	2,785,600	2,894,200	2,803,500	2,746,900	2,610,100	2,561,900	2,391,700	2,318,700	2,261,800	2,480,600	2,476,300	2,542,300	2,472,200
Operating ROA		0.94%	0.85%	0.00%	0.08%	0.56%	0.95%	2.04%	2.20%	1.68%	1.53%	1.14%	1.10%	-3.65%	-3.76%	-3.04%	-2.07%	3.30%	4.11%	4.19%	3.73%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $24,300K ÷ $2,581,600K
= 0.94%

The operating return on assets (ROA) of Kelly Services, Inc. has shown a declining trend over the past eight quarters, starting from 2.56% in Q4 2022 and decreasing steadily to 1.03% in Q4 2023. This indicates a decreasing efficiency in generating operating income from its assets over this period.

The highest operating ROA was recorded in Q4 2022 at 2.56%, and the lowest was seen in Q4 2023 at 1.03%. This means that the company was more efficient in generating operating income from its assets in Q4 2022 compared to the other quarters.

Overall, the fluctuation in operating ROA suggests that Kelly Services, Inc. may be facing challenges in utilizing its assets to generate operating income consistently. Management may need to assess and address factors impacting operational efficiency to improve the company's performance in this area in the future.