Phibro Animal Health Corporation (PAHC)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	53,315	58,665	57,294	57,437	71,847	70,967	71,608	78,058	78,986	75,258	76,196	73,792	74,868	73,829	75,016	74,735	69,194	63,174	64,423	70,520
Total assets	US$ in thousands	982,184	979,035	972,708	964,523	971,397	965,432	961,833	948,378	931,699	916,181	848,958	836,044	841,325	805,017	803,651	789,554	784,100	776,050	788,318	795,239
Operating ROA		5.43%	5.99%	5.89%	5.95%	7.40%	7.35%	7.44%	8.23%	8.48%	8.21%	8.98%	8.83%	8.90%	9.17%	9.33%	9.47%	8.82%	8.14%	8.17%	8.87%

June 30, 2024 calculation

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

Operating return on assets (operating ROA) measures the efficiency of Phibro Animal Health Corporation in generating operating income from its assets. Over the past several quarters, Phibro's operating ROA has shown fluctuations, ranging from a low of 5.43% to a high of 9.47%. The trend indicates that the company's ability to generate operating income from its assets has been somewhat volatile.

The average operating ROA over this period is approximately 8.05%, with some quarters performing above this average and others below it. This suggests that Phibro's management of its assets to generate operating income has been moderately effective on average.

Investors and analysts may want to further investigate the factors contributing to the fluctuations in operating ROA to assess the company's operational efficiency and profitability over time. Additionally, comparing Phibro's operating ROA to industry benchmarks or its competitors' performance could provide further insights into its relative performance in utilizing assets to generate operating income.