The Mosaic Company (MOS)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	1,338,100	1,760,200	2,769,100	4,074,100	4,785,300	5,054,400	4,601,300	3,411,100	2,468,500	1,793,600	1,190,500	792,300	412,900	-1,076,500	-1,035,500	-1,363,200	-1,094,900	357,700	611,500	1,049,700
Total assets	US$ in thousands	23,032,800	22,654,400	23,140,200	22,857,500	23,386,000	23,437,600	23,985,600	23,423,100	22,036,400	21,081,500	21,473,500	19,902,100	19,789,800	18,851,600	19,020,600	18,975,500	19,298,500	20,440,100	20,643,900	20,445,300
Operating ROA		5.81%	7.77%	11.97%	17.82%	20.46%	21.57%	19.18%	14.56%	11.20%	8.51%	5.54%	3.98%	2.09%	-5.71%	-5.44%	-7.18%	-5.67%	1.75%	2.96%	5.13%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,338,100K ÷ $23,032,800K
= 5.81%

The operating return on assets (ROA) for Mosaic Company has displayed a decreasing trend over the past eight quarters. The operating ROA decreased from 15.24% in Q1 2022 to 5.81% in Q4 2023. This downward trend indicates that the company's operating profits generated from its assets have been declining over time. It is important for Mosaic Company to closely monitor and address the factors contributing to this decrease in operating ROA to ensure efficient utilization of its assets and sustainable profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

The Mosaic Company

MOS

5.81%

CF Industries Holdings Inc

15.51%

Scotts Miracle-Gro Company

SMG

7.27%