The Marzetti Company (MZTI)
Operating return on assets (Operating ROA)
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 220,317 | 223,090 | 208,359 | 198,452 | 199,363 | 169,150 | 163,412 | 148,985 | 141,508 | 163,744 | 126,719 | 120,698 | 111,911 | 119,118 | 164,123 | 177,415 | 185,852 | 185,110 | 177,712 | 173,192 |
| Total assets | US$ in thousands | 1,274,720 | 1,276,610 | 1,239,860 | 1,216,210 | 1,206,930 | 1,172,010 | 1,148,920 | 1,130,300 | 1,112,990 | 1,157,760 | 1,137,170 | 1,131,230 | 1,090,370 | 1,103,620 | 1,120,200 | 1,115,140 | 1,101,280 | 1,068,350 | 1,054,310 | 1,024,370 |
| Operating ROA | 17.28% | 17.48% | 16.81% | 16.32% | 16.52% | 14.43% | 14.22% | 13.18% | 12.71% | 14.14% | 11.14% | 10.67% | 10.26% | 10.79% | 14.65% | 15.91% | 16.88% | 17.33% | 16.86% | 16.91% |
June 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $220,317K ÷ $1,274,720K
= 17.28%
The operating return on assets (ROA) for The Marzetti Company demonstrates a fluctuating yet generally upward trend over the period analyzed. Starting at 16.91% as of September 30, 2020, the metric remained relatively stable into the end of 2020, with marginal decreases noted in the subsequent quarters, reaching 14.65% by December 31, 2021.
During the first quarter of 2022, a notable decline occurs, with the operating ROA decreasing to 10.79%, and it remains subdued through mid-2022, with values around 10.26% to 11.14%. However, a positive trend re-emerges in the latter half of 2022 and into 2023, with the ratio rising to approximately 14% by March 2023 and further improves to approximately 16.52% by June 2024.
The most recent data indicates continued growth, with the operating ROA reaching 16.81% on December 31, 2024, and projecting an increase to 17.48% by March 2025 before a slight decline to 17.28% in June 2025.
Overall, the company's operating ROA exhibits periods of decline and recovery, with the longer-term trajectory suggesting an improvement in operational efficiency relative to assets. The recent upward trend indicates potential enhancements in operational performance, asset utilization, or both, aligning with a recovery following earlier declines.
Peer comparison
Jun 30, 2025