MGP Ingredients Inc (MGPI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 107,475 | 99,065 | 109,662 | 103,096 | 109,462 | 118,674 | 118,742 | 113,317 | 91,307 | 71,070 | 57,575 | 45,930 | 40,345 | 41,660 | 39,494 | 38,915 | 38,793 | 37,668 | 38,461 | 38,077 |
| Total assets | US$ in thousands | 1,392,350 | 1,366,360 | 1,395,130 | 1,184,190 | 1,158,210 | 1,132,080 | 1,106,620 | 1,076,820 | 1,041,470 | 1,017,470 | 1,014,300 | 381,102 | 366,575 | 361,746 | 357,013 | 382,402 | 322,597 | 307,020 | 298,724 | 290,100 |
| ROA | 7.72% | 7.25% | 7.86% | 8.71% | 9.45% | 10.48% | 10.73% | 10.52% | 8.77% | 6.98% | 5.68% | 12.05% | 11.01% | 11.52% | 11.06% | 10.18% | 12.03% | 12.27% | 12.88% | 13.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $107,475K ÷ $1,392,350K
= 7.72%
MGP Ingredients, Inc.'s return on assets (ROA) has shown a downward trend over the past four quarters, decreasing from 10.64% in Q2 2022 to 7.64% in Q4 2023. This decline in ROA may indicate that the company's ability to generate profits from its assets has weakened. It is essential for MGP Ingredients to closely analyze the factors contributing to this trend to identify areas for improvement and enhance the efficiency of asset utilization to boost profitability in the future.