Mattel Inc (MAT)
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 | 561,659 | 500,592 | 418,106 | 480,411 | 675,515 | 853,995 | 851,697 | 775,757 | 729,561 | 660,170 | 650,597 | 553,379 | 369,698 | 249,193 | 19,779 | 16,441 | 39,240 | 77,251 | 49,038 | -84,779 |
| Total assets | US$ in thousands | 6,435,820 | 6,244,550 | 5,897,840 | 5,831,740 | 6,177,660 | 6,468,180 | 6,167,730 | 6,147,370 | 6,393,890 | 6,263,040 | 5,241,060 | 5,118,950 | 5,534,890 | 5,613,490 | 4,998,700 | 4,804,350 | 5,325,230 | 5,527,580 | 5,046,630 | 5,082,370 |
| Operating ROA | 8.73% | 8.02% | 7.09% | 8.24% | 10.93% | 13.20% | 13.81% | 12.62% | 11.41% | 10.54% | 12.41% | 10.81% | 6.68% | 4.44% | 0.40% | 0.34% | 0.74% | 1.40% | 0.97% | -1.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $561,659K ÷ $6,435,820K
= 8.73%
Operating return on assets (operating ROA) is a key financial ratio that indicates how efficiently a company is generating profits from its operating activities relative to its total assets.
Looking at the trend in Mattel Inc's operating ROA over the past several quarters, we observe fluctuations in the ratio. In the latest quarter, Dec 31, 2023, the operating ROA was 8.73%, which is lower compared to the previous quarter, Sep 30, 2023, where it stood at 8.02%.
Despite the fluctuations, the operating ROA has generally been in a moderate range over the past few years. The highest operating ROA was seen in Jun 30, 2022, at 13.81%, followed by Sep 30, 2022, at 13.20%. Conversely, the lowest operating ROA was recorded in Mar 31, 2020, at 0.34%, and in Dec 31, 2020, at 6.68%.
Overall, the trend in Mattel Inc's operating ROA suggests that the company has been able to generate acceptable returns on its assets, with some variations seen in recent quarters. It is important for the company to continue monitoring and managing its operating profitability in relation to its asset base to ensure sustainable and efficient operations.