ODP Corp (ODP)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -3,000 | 139,000 | 166,000 | 187,000 | -319,000 |
| Total assets | US$ in thousands | 3,529,000 | 3,886,000 | 4,149,000 | 4,865,000 | 5,558,000 |
| ROA | -0.09% | 3.58% | 4.00% | 3.84% | -5.74% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-3,000K ÷ $3,529,000K
= -0.09%
ROA is a key financial ratio that indicates how efficiently a company is utilizing its assets to generate profit. For ODP Corp, the ROA has shown fluctuating trends over the past five years.
At the end of 2020, ODP Corp had a negative ROA of -5.74%, indicating that the company was not effectively generating profits from its assets. However, there was a significant improvement in the following year, with the ROA increasing to 3.84%. This improvement continued in 2022, where the ROA further increased to 4.00%, suggesting better asset utilization and profitability.
In 2023, the ROA slightly declined to 3.58%, but the company remained profitable in terms of asset utilization. However, by the end of 2024, the ROA turned negative again, albeit to a lesser extent, at -0.09%, indicating that ODP Corp may have faced challenges in profitability and asset efficiency during that period.
Overall, ODP Corp's ROA has shown mixed performance over the analyzed period, with improvements in some years and declines in others. Further analysis of the company's asset management and profitability strategies may provide insights into these fluctuations.
Peer comparison
Dec 31, 2024