ODP Corp (ODP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 139,000 | 166,000 | -208,000 | -319,000 | 99,000 |
| Total assets | US$ in thousands | 3,886,000 | 4,149,000 | 4,865,000 | 5,614,000 | 7,311,000 |
| ROA | 3.58% | 4.00% | -4.28% | -5.68% | 1.35% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $139,000K ÷ $3,886,000K
= 3.58%
The return on assets (ROA) for ODP Corp has shown fluctuations over the past five years. In 2023, the ROA was 3.58%, a decrease from 4.00% in the previous year. This decline may be indicative of a less efficient utilization of assets to generate profits.
Comparing to the negative ROA figures in 2021 and 2020 (-4.28% and -5.68% respectively), the positive ROA values in 2019 and 2023 signify a return to profitability and improved asset utilization. However, the ROA in 2023 still falls short of the 2019 level of 1.35%.
Overall, ODP Corp's ROA performance has been volatile, with signs of recovery in recent years but room for improvement in optimizing asset efficiency to enhance profitability.
Peer comparison
Dec 31, 2023