The Marzetti Company (MZTI)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 220,317 | 199,363 | 141,508 | 111,911 | 185,852 |
| Total assets | US$ in thousands | 1,274,720 | 1,206,930 | 1,112,990 | 1,090,370 | 1,101,280 |
| Operating ROA | 17.28% | 16.52% | 12.71% | 10.26% | 16.88% |
June 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $220,317K ÷ $1,274,720K
= 17.28%
The analysis of The Marzetti Company's operating return on assets (operating ROA) over the specified period reveals notable fluctuations and trends. As of June 30, 2021, the operating ROA stood at 16.88%, indicating a robust utilization of the company's assets to generate operating income. However, by June 30, 2022, there was a significant decline to 10.26%, reflecting a decrease in operational efficiency or potentially increased asset base with lower returns. This downturn suggests that the company faced challenges in maintaining previous levels of asset productivity during this period.
Subsequently, by June 30, 2023, the operating ROA experienced a partial recovery, increasing to 12.71%. This improvement may denote some operational adjustments or efficiencies regained post-2022. The upward trend continued into June 30, 2024, when the operating ROA rose further to 16.52%, nearly returning to the pre-2022 levels and indicating a strengthening of asset performance and operational effectiveness.
Most recently, as of June 30, 2025, the operating ROA reached 17.28%, marking the highest point within the analyzed interval. This suggests that The Marzetti Company has effectively enhanced its asset utilization, translating asset investments into higher operating income relative to the asset base. The overall pattern demonstrates a period of decline in ROA between 2021 and 2022, followed by a consistent recovery through 2023 to 2025, culminating in a level surpassing previous peaks.
In summary, the company's operating ROA has demonstrated resilience and improvement over the analyzed five-year span, indicating enhanced operational efficiency and asset utilization in recent years.
Peer comparison
Jun 30, 2025