ODP Corp (ODP)
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 | 201,000 | 287,000 | 280,000 | 262,000 | 243,000 | 219,000 | 239,000 | 241,000 | 234,000 | 223,000 | 221,000 | -7,000 | 7,000 | 61,000 | 67,000 | 250,000 | 191,000 | 141,000 | 138,000 | 201,000 |
| Total assets | US$ in thousands | 3,886,000 | 3,980,000 | 3,961,000 | 4,041,000 | 4,149,000 | 4,418,000 | 4,474,000 | 4,529,000 | 4,865,000 | 5,351,000 | 5,378,000 | 5,598,000 | 5,614,000 | 5,745,000 | 5,865,000 | 6,454,000 | 7,311,000 | 7,343,000 | 7,353,000 | 7,471,000 |
| Operating ROA | 5.17% | 7.21% | 7.07% | 6.48% | 5.86% | 4.96% | 5.34% | 5.32% | 4.81% | 4.17% | 4.11% | -0.13% | 0.12% | 1.06% | 1.14% | 3.87% | 2.61% | 1.92% | 1.88% | 2.69% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $201,000K ÷ $3,886,000K
= 5.17%
The operating return on assets (operating ROA) for ODP Corp has experienced fluctuation over the past few quarters. The trend shows that the company's operating ROA has generally been positive, with variations in the percentage values.
From Dec 31, 2019, to Jun 30, 2022, the operating ROA ranged between 1.88% and 5.34%, indicating relatively consistent but moderate profitability from operations relative to its assets during this period. However, in the following quarters, the operating ROA increased to 7.21% in Sep 30, 2022, before slightly decreasing in the subsequent quarters.
The lowest point in the period analyzed was in Mar 31, 2021, with a negative operating ROA of -0.13%, suggesting a period of operational inefficiency or financial challenges. However, the company managed to recover from this as seen in the positive operating ROA figures in the later quarters.
Overall, the analysis of ODP Corp's operating ROA demonstrates variations in operating efficiency and asset utilization over the given time frame, highlighting the importance of consistently monitoring and managing the company's operational performance.
Peer comparison
Dec 31, 2023