Kontoor Brands Inc (KTB)

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
Operating income (ttm)	US$ in thousands	319,269	328,461	318,045	343,393	356,665	340,678	351,592	298,024	282,979	277,262	274,146	217,174	123,834	119,452	67,616	142,931
Total assets	US$ in thousands	1,645,440	1,625,930	1,608,320	1,643,570	1,582,260	1,653,010	1,543,150	1,589,050	1,533,020	1,613,180	1,517,840	1,519,680	1,545,820	1,668,720	1,572,770	1,901,800	1,517,160	1,585,760	1,588,200
Operating ROA		19.40%	20.20%	19.77%	20.89%	22.54%	20.61%	22.78%	18.75%	18.46%	17.19%	18.06%	14.29%	8.01%	7.16%	4.30%	7.52%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $319,269K ÷ $1,645,440K
= 19.40%

Kontoor Brands Inc's operating return on assets (operating ROA) has displayed fluctuations over the past few quarters. The company's operating ROA ranged from a low of 4.30% in the first quarter of 2020 to a high of 22.78% in the second quarter of 2022.

Overall, the operating ROA has shown a general upward trend from the start of 2020 to the end of 2022, indicating improved operational efficiency and profitability. However, there was a slight dip in the operating ROA in the last quarter of 2022 and first quarter of 2023.

It is important to further analyze the reasons behind these fluctuations to determine the underlying factors impacting Kontoor Brands Inc's operating performance and asset utilization. Further investigation into the company's operational activities and financial health may provide additional insights into the sustainability of its operating ROA trends.