MGP Ingredients Inc (MGPI)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 34,406 | 107,435 | 96,998 | 97,039 | 107,475 | 99,065 | 109,474 | 102,691 | 108,739 | 117,710 | 117,791 | 112,433 | 90,595 | 70,530 | 57,141 | 45,589 | 40,084 | 41,386 | 39,235 | 38,662 |
| Total assets | US$ in thousands | 1,405,780 | 1,440,620 | 1,434,100 | 1,390,280 | 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 |
| ROA | 2.45% | 7.46% | 6.76% | 6.98% | 7.72% | 7.25% | 7.85% | 8.67% | 9.39% | 10.40% | 10.64% | 10.44% | 8.70% | 6.93% | 5.63% | 11.96% | 10.93% | 11.44% | 10.99% | 10.11% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $34,406K ÷ $1,405,780K
= 2.45%
The return on assets (ROA) of MGP Ingredients Inc has shown fluctuation over the past few years. The ROA was at 10.11% as of March 31, 2020, and gradually increased to 11.96% by March 31, 2021. However, there was a significant drop in ROA to 5.63% by June 30, 2021, before improving to 10.64% by June 30, 2022.
Subsequently, there was another decline in ROA to 6.98% by March 31, 2024, followed by a slight increase to 7.46% by September 30, 2024. However, the ROA decreased significantly to 2.45% by December 31, 2024.
Overall, MGP Ingredients Inc's ROA has shown variability, indicating fluctuations in its ability to generate profits from its assets. It is essential for the company to monitor and manage its asset utilization effectively to ensure sustainable profitability.