O’Reilly Automotive Inc (ORLY)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,186,376 | 3,149,857 | 3,056,829 | 3,001,606 | 2,954,491 | 2,948,155 | 2,898,560 | 2,895,593 | 2,917,168 | 2,775,559 | 2,745,973 | 2,686,880 | 2,419,336 | 2,326,567 | 2,137,917 | 1,899,501 | 1,920,726 | 1,907,263 | 1,856,048 | 1,837,124 |
| Total assets | US$ in thousands | 13,873,000 | 13,551,800 | 13,276,600 | 12,972,800 | 12,628,000 | 12,238,000 | 12,067,700 | 11,760,400 | 11,718,700 | 11,789,400 | 11,949,300 | 11,850,900 | 11,596,600 | 12,504,000 | 11,728,500 | 11,108,900 | 10,717,200 | 10,372,700 | 10,201,900 | 10,061,600 |
| Operating ROA | 22.97% | 23.24% | 23.02% | 23.14% | 23.40% | 24.09% | 24.02% | 24.62% | 24.89% | 23.54% | 22.98% | 22.67% | 20.86% | 18.61% | 18.23% | 17.10% | 17.92% | 18.39% | 18.19% | 18.26% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,186,376K ÷ $13,873,000K
= 22.97%
The operating return on assets (operating ROA) for O'Reilly Automotive, Inc. has exhibited a relatively stable trend over the past eight quarters, ranging from 22.97% to 24.62%. The company's operating ROA peaked at 24.62% in the second quarter of 2022 before experiencing a slight decline in subsequent quarters. Despite some fluctuations, the operating ROA has remained consistently above 22%, indicating that O'Reilly Automotive is efficiently generating operating income relative to its total assets. This implies that the company is effectively utilizing its assets to generate profits from its core operations. Overall, the trend in O'Reilly Automotive's operating ROA suggests strong operational efficiency and effective asset management.
Peer comparison
Dec 31, 2023