Papa John's International Inc (PZZA)

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	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	4,866	-5,860	-19,545	-16,700
Total assets	US$ in thousands	875,005	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	730,721	730,565	726,564	739,068
ROA		9.38%	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%	0.67%	-0.80%	-2.69%	-2.26%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $82,098K ÷ $875,005K
= 9.38%

The return on assets (ROA) for Papa John's International, Inc. has been fluctuating over the past eight quarters. In Q4 2023, the ROA stood at 9.38%, representing a slight increase from the previous quarter's 9.05%. The company's ROA has generally been above 7% over this period, indicating efficient utilization of its assets to generate profit.

The highest ROA in the provided data was recorded in Q2 2022 at 11.06%, suggesting a particularly strong performance in that quarter. However, it is worth noting that in Q1 2022, the ROA was negative at -1.42%, which signals that the company's assets were not effectively generating profit during that period.

Overall, Papa John's International, Inc. has shown a generally positive trend in terms of ROA, with occasional fluctuations. This metric indicates the company's ability to generate profit relative to its total assets, showcasing efficiency in asset utilization over the quarters analyzed.