ODP Corp (ODP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 11,000 | -37,000 | -25,000 | 82,000 | 139,000 | 212,000 | 209,000 | 202,000 | 185,000 | -125,000 | -91,000 | -206,000 | -208,000 | 84,000 | 40,000 | -311,000 | -319,000 | -282,000 | -279,000 | 136,000 |
| 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 |
| ROA | 0.31% | -1.00% | -0.68% | 2.20% | 3.58% | 5.33% | 5.28% | 5.00% | 4.46% | -2.83% | -2.03% | -4.55% | -4.28% | 1.57% | 0.74% | -5.56% | -5.74% | -4.91% | -4.76% | 2.11% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $11,000K ÷ $3,529,000K
= 0.31%
The Return on Assets (ROA) for ODP Corp has displayed volatility over the past few years. From March 31, 2020, to June 30, 2021, the company experienced negative ROA figures, indicating that the company was not generating significant earnings in relation to its total assets during this period. However, the ROA turned positive in the subsequent quarters, showing improvements in asset utilization efficiency.
Notably, the ROA trend fluctuated between negative and positive percentages up to December 31, 2022. From March 31, 2023, onwards, there was a positive trajectory in the ROA, indicating that the company became more efficient in generating profits from its assets. The ROA figures gradually increased, reaching their peak at 5.33% on September 30, 2023.
Following that, there was a slight decline in the ROA to 3.58% by December 31, 2023, before a further drop to 2.20% on March 31, 2024. The ROA then turned negative again in the next couple of quarters, indicating a decrease in profitability relative to the assets held by the company.
Overall, the analysis of ODP Corp's ROA suggests that the company experienced periods of both inefficiency and improvement in utilizing its assets to generate earnings. The recent positive trend in ROA indicates better asset management practices, but careful monitoring may be necessary to sustain and further enhance this performance.
Peer comparison
Dec 31, 2024