Middleby Corp (MIDD)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 665,021 | 697,010 | 695,493 | 701,939 | 689,845 | 676,056 | 663,320 | 645,776 | 602,192 | 552,704 | 624,481 | 593,971 | 629,992 | 584,599 | 437,789 | 340,190 | 324,431 | 383,234 | 417,907 | 518,396 |
| Total assets | US$ in thousands | 7,283,150 | 7,201,080 | 7,025,780 | 6,930,400 | 6,906,690 | 6,922,610 | 6,984,760 | 6,956,140 | 6,874,870 | 6,671,860 | 6,579,370 | 6,474,160 | 6,383,600 | 5,772,850 | 5,422,780 | 5,289,910 | 5,202,470 | 5,020,180 | 5,414,700 | 5,277,980 |
| Operating ROA | 9.13% | 9.68% | 9.90% | 10.13% | 9.99% | 9.77% | 9.50% | 9.28% | 8.76% | 8.28% | 9.49% | 9.17% | 9.87% | 10.13% | 8.07% | 6.43% | 6.24% | 7.63% | 7.72% | 9.82% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $665,021K ÷ $7,283,150K
= 9.13%
Middleby Corp's operating return on assets (operating ROA) has shown some fluctuations over the provided quarterly periods. Generally, the operating ROA has ranged between 6.24% and 10.13%.
In the first quarter of data available, as of March 31, 2020, Middleby Corp had an operating ROA of 9.82%, indicating that the company generated a profit of 9.82 cents for every dollar of assets it utilized for operations. Subsequently, the operating ROA decreased to 7.72% by June 30, 2020, and further declined to 6.24% by the end of December 31, 2020.
From March 31, 2021, to June 30, 2024, the operating ROA fluctuated in the range of 6.43% to 10.13%, with some periods showing an upward trend while others displayed a slight decline. Notably, there was a peak of 10.13% on September 30, 2021, signifying the company's enhanced efficiency in generating profits from its assets.
Towards the end of the data series, by December 31, 2024, the operating ROA decreased to 9.13%, indicating a slight decline in the company's ability to generate profits relative to its asset base compared to the highest point reached earlier.
Overall, the analysis of Middleby Corp's operating ROA suggests fluctuations in efficiency in utilizing assets to generate profits over the provided quarterly periods, with a general trend of variability within a certain range. It would be important to monitor future performance to assess the company's ability to maintain or improve its operational efficiency moving forward.
Peer comparison
Dec 31, 2024