Middleby Corp (MIDD)
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 | 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 | 352,240 | 338,082 | 328,967 | 320,745 |
| Total assets | US$ in thousands | 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 | 5,002,140 | 4,928,530 | 4,886,670 | 4,688,120 |
| ROA | 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% | 7.04% | 6.86% | 6.73% | 6.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $400,882K ÷ $6,906,690K
= 5.80%
Middleby Corp's return on assets (ROA) has shown fluctuations over the past several quarters. The ROA has generally ranged between 3.98% to 7.65% with some variability in between. It reached its peak at 7.65% in March 2022 before experiencing a slight dip in subsequent quarters. The most recent ROA as of December 2023 stands at 5.80%.
The trend indicates that Middleby Corp has been able to generate a decent return relative to its assets, albeit with some volatility. Shareholders and investors may want to monitor future financial performance to assess the company's ability to efficiently utilize its assets to generate profits. Overall, Middleby Corp's ROA performance suggests a moderate level of asset efficiency and profitability.
Peer comparison
Dec 31, 2023