Planet Fitness Inc (PLNT)

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	138,314	136,657	124,436	105,643	99,402	71,459	61,989	53,657	42,774	45,724	25,170	-18,017	-14,991	5,984	34,872	98,893	117,695	112,826	104,520	95,550
Total assets	US$ in thousands	2,969,690	2,944,850	2,848,240	2,905,560	2,854,590	2,846,260	2,884,090	2,992,400	2,015,980	1,949,700	1,899,600	1,864,980	1,849,740	1,801,550	1,800,040	1,875,640	1,717,190	1,420,230	1,523,470	1,509,590
ROA		4.66%	4.64%	4.37%	3.64%	3.48%	2.51%	2.15%	1.79%	2.12%	2.35%	1.33%	-0.97%	-0.81%	0.33%	1.94%	5.27%	6.85%	7.94%	6.86%	6.33%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $138,314K ÷ $2,969,690K
= 4.66%

Planet Fitness Inc's return on assets (ROA) has been showing a positive trend over the past eight quarters, increasing from 1.79% in Q1 2022 to 4.66% in Q4 2023. This indicates that the company is becoming more efficient in generating profits from its assets.

The steady improvement in ROA suggests that Planet Fitness Inc is utilizing its assets more effectively to generate earnings. The significant increase in ROA from Q1 2022 to Q4 2023 reflects a strong financial performance and efficiency in managing the company's resources.

Overall, the upward trend in ROA signifies that Planet Fitness Inc is improving its profitability and efficiency in utilizing its assets to drive earnings growth. Investors and stakeholders may view this positively as it indicates the company's ability to generate higher returns on its investments.