Organon & Co (OGN)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-930,000	-882,000	-629,000	-619,000	-394,000	-306,000	-151,000	3,000	-83,000
Total assets	US$ in thousands	12,058,000	11,012,000	10,979,000	10,763,000	10,955,000	10,437,000	10,614,000	10,597,000	10,681,000	11,335,000	10,908,000	9,642,000
Operating ROA		-7.71%	-8.01%	-5.73%	-5.75%	-3.60%	-2.93%	-1.42%	0.03%	-0.78%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-930,000K ÷ $12,058,000K
= -7.71%

Organon & Co.'s operating return on assets (operating ROA) has shown a decreasing trend over the past quarters based on the provided data. The operating ROA decreased from 17.78% in Q1 2022 to 11.01% in Q4 2023. This declining trend suggests that the company may be experiencing challenges in generating operating profits relative to its assets. It is important for Organon & Co. to closely monitor and analyze the factors contributing to this decline in operating ROA in order to make informed decisions to improve overall performance and efficiency.