Middleby Corp (MIDD)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 656,188 | 634,868 | 639,604 | 448,310 | 324,431 |
| Total assets | US$ in thousands | 7,283,150 | 6,906,690 | 6,874,870 | 6,383,600 | 5,202,470 |
| Operating ROA | 9.01% | 9.19% | 9.30% | 7.02% | 6.24% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $656,188K ÷ $7,283,150K
= 9.01%
Middleby Corp's operating return on assets (operating ROA) has shown a positive trend over the past five years. The operating ROA increased from 6.24% as of December 31, 2020, to 7.02% as of December 31, 2021, reflecting an improvement in the company's ability to generate operating income relative to its assets.
Subsequently, Middleby Corp's operating ROA continued to rise, reaching 9.30% as of December 31, 2022, demonstrating further efficiency in utilizing its assets to generate operating profits. However, there was a slight decrease in operating ROA to 9.19% as of December 31, 2023, followed by a further decline to 9.01% as of December 31, 2024.
Overall, Middleby Corp's operating ROA indicates that the company has been effectively utilizing its assets to generate operating income, although the slight decline in the most recent years suggests a need for monitoring asset efficiency to sustain or improve profitability levels.
Peer comparison
Dec 31, 2024