ODP Corp (ODP)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 206,000 | 229,000 | 218,000 | 231,000 | 275,000 | 261,000 | 254,000 | 262,000 | 243,000 | 245,000 | 265,000 | 133,000 | 112,000 | 102,000 | 100,000 | -278,000 | -253,000 | -200,000 | -194,000 | 247,000 |
| Total assets | US$ in thousands | 3,529,000 | 3,691,000 | 3,653,000 | 3,735,000 | 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 | 5,558,000 | 5,745,000 | 5,865,000 | 6,454,000 |
| Operating ROA | 5.84% | 6.20% | 5.97% | 6.18% | 7.08% | 6.56% | 6.41% | 6.48% | 5.86% | 5.55% | 5.92% | 2.94% | 2.30% | 1.91% | 1.86% | -4.97% | -4.55% | -3.48% | -3.31% | 3.83% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $206,000K ÷ $3,529,000K
= 5.84%
Operating ROA for ODP Corp has shown fluctuations over the periods provided. Starting at 3.83% on March 31, 2020, the ratio dipped into negative territory for the following quarters of June 30, 2020, September 30, 2020, and December 31, 2020, indicating a deterioration in the company's operating performance relative to its assets.
However, there seems to be a recovery in operating ROA starting from March 31, 2021, with a gradual improvement over the subsequent quarters until December 31, 2024. The ratio consistently stayed positive from June 30, 2021, to December 31, 2024, with values ranging between 1.86% and 7.08%, suggesting an enhancement in the company's operating efficiency in generating profits from its assets.
The highest operating ROA was recorded on December 31, 2023, at 7.08%, which may indicate a peak performance period. Notably, the ratio showed a slight decline in the most recent quarter, December 31, 2024, dropping to 5.84%.
In summary, ODP Corp's operating ROA demonstrates a mix of negative and positive trends over the period, with a notable recovery and improvement in recent quarters, although there was a slight decline in the latest quarter's performance.
Peer comparison
Dec 31, 2024