Phibro Animal Health Corporation (PAHC)

Operating return on assets (Operating ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Operating income	US$ in thousands	53,315	71,847	78,986	74,868	69,194
Total assets	US$ in thousands	982,184	971,397	931,699	841,325	784,100
Operating ROA		5.43%	7.40%	8.48%	8.90%	8.82%

June 30, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $53,315K ÷ $982,184K
= 5.43%

Phibro Animal Health Corporation's operating return on assets (operating ROA) has exhibited a declining trend over the past five years, decreasing from 8.82% in 2020 to 5.43% in 2024. This decline indicates that the company's ability to generate operating profits from its assets has weakened over time. The decreasing trend may suggest potential inefficiencies in asset utilization or declining profitability of the company's operations. Investors and stakeholders may want to closely monitor the company's operational efficiency and profitability to ensure sustainable performance in the future.