ODP Corp (ODP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 139,000 | 193,000 | 190,000 | 183,000 | 166,000 | -125,000 | -91,000 | -206,000 | -208,000 | 84,000 | 40,000 | -311,000 | -319,000 | -282,000 | -279,000 | 136,000 | 99,000 | 30,000 | 30,000 | 70,000 |
| 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 |
| ROA | 3.58% | 4.85% | 4.80% | 4.53% | 4.00% | -2.83% | -2.03% | -4.55% | -4.28% | 1.57% | 0.74% | -5.56% | -5.68% | -4.91% | -4.76% | 2.11% | 1.35% | 0.41% | 0.41% | 0.94% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $139,000K ÷ $3,886,000K
= 3.58%
The return on assets (ROA) for ODP Corp has fluctuated over the past few quarters. It showed a positive trend from Dec 31, 2019, to Mar 31, 2020, reaching a peak of 4.53%. However, in the following quarters, the ROA turned negative, hitting a low of -5.68% on Mar 31, 2021.
From Jun 30, 2021, to Jun 30, 2022, there was some volatility in the ROA, with values fluctuating between negative and positive figures. However, from Sep 30, 2022, to Dec 31, 2023, there was a significant improvement in the ROA, reaching levels above 3.5%.
Overall, ODP Corp's ROA has experienced fluctuations, and investors should continue to monitor the company's efficiency in generating profits from its assets in the coming quarters to assess its financial health and performance.
Peer comparison
Dec 31, 2023