Middleby Corp (MIDD)
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 | 428,433 | 392,422 | 386,906 | 388,361 | 400,882 | 457,786 | 453,505 | 449,903 | 436,569 | 406,050 | 477,647 | 484,984 | 488,492 | 437,651 | 322,201 | 222,778 | 207,294 | 264,454 | 285,958 | 357,006 |
| 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 |
| ROA | 5.88% | 5.45% | 5.51% | 5.60% | 5.80% | 6.61% | 6.49% | 6.47% | 6.35% | 6.09% | 7.26% | 7.49% | 7.65% | 7.58% | 5.94% | 4.21% | 3.98% | 5.27% | 5.28% | 6.76% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $428,433K ÷ $7,283,150K
= 5.88%
Middleby Corp's Return on Assets (ROA) has exhibited some fluctuations over the analyzed periods. The ROA started at 6.76% as of March 31, 2020, and saw a gradual decline to 3.98% by December 31, 2020. Subsequently, the ROA improved to 7.65% by the end of December 31, 2021.
From March 31, 2022, to September 30, 2022, the ROA remained relatively stable within a narrow range of 6.09% to 7.49%. It peaked at 7.65% on December 31, 2021, but then started to decrease gradually to 5.80% by the end of December 31, 2023.
Overall, Middleby Corp's ROA has shown some volatility, with periods of both growth and decline. It is important to assess the reasons behind these fluctuations to understand the company's efficiency in generating profits from its assets.
Peer comparison
Dec 31, 2024