Papa John's International Inc (PZZA)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	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
Net income (ttm)	US$ in thousands	83,320	94,780	68,833	74,358	82,098	79,519	71,989	79,654	67,772	68,881	89,806	96,627	120,016	108,560	95,012	83,372	57,932	42,623	27,300	15,040
Total assets	US$ in thousands	888,952	860,875	838,427	847,167	954,201	877,565	873,643	864,861	864,227	829,748	836,272	885,626	885,704	889,954	855,744	918,285	872,770	816,675	757,737	718,268
ROA		9.37%	11.01%	8.21%	8.78%	8.60%	9.06%	8.24%	9.21%	7.84%	8.30%	10.74%	10.91%	13.55%	12.20%	11.10%	9.08%	6.64%	5.22%	3.60%	2.09%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $83,320K ÷ $888,952K
= 9.37%

Papa John's International Inc's Return on Assets (ROA) has displayed fluctuations over the period under review. The ROA started at 2.09% as of March 31, 2020, and showed a general increasing trend, reaching a peak of 13.55% by December 31, 2021. This indicates that the company generated $0.1355 in earnings for every dollar of assets held during that period.

Subsequently, the ROA declined slightly to 10.91% as of March 31, 2022, and further decreased to 7.84% by December 31, 2022. The ROA then fluctuated within the range of 8% to 11.01% over the next quarters, ending at 9.37% on December 31, 2024.

The overall trend suggests that Papa John's International Inc has been effective in utilizing its assets to generate earnings, with some fluctuations along the way. Despite the minor variations, the company has generally maintained a healthy ROA ratio, indicating efficient asset management and profitability.