Sturm Ruger & Company Inc (RGR)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 52,084 | 61,442 | 74,975 | 81,750 | 103,456 | 128,561 | 155,428 | 189,907 | 203,136 | 200,452 | 186,584 | 150,941 | 119,148 | 86,928 | 59,645 | 43,084 | 39,373 | 46,580 | 52,962 | 64,865 |
| Total assets | US$ in thousands | 398,817 | 400,350 | 396,898 | 389,097 | 484,763 | 460,902 | 443,732 | 446,478 | 442,343 | 420,061 | 398,876 | 364,129 | 348,258 | 310,568 | 389,856 | 362,399 | 348,961 | 328,507 | 320,917 | 331,711 |
| Operating ROA | 13.06% | 15.35% | 18.89% | 21.01% | 21.34% | 27.89% | 35.03% | 42.53% | 45.92% | 47.72% | 46.78% | 41.45% | 34.21% | 27.99% | 15.30% | 11.89% | 11.28% | 14.18% | 16.50% | 19.55% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $52,084K ÷ $398,817K
= 13.06%
Sturm, Ruger & Co., Inc.'s operating return on assets (operating ROA) has shown a declining trend over the past eight quarters. In Q4 2023, the operating ROA was 13.06%, down from 15.34% in Q3 2023 and 18.88% in Q2 2023. This downward trend is consistent with the general decrease seen since Q1 2022, when the operating ROA was 42.51%.
The decreasing trend in operating ROA may indicate potential inefficiencies or challenges in the company's operations leading to lower profitability relative to its total assets. This could be a result of factors such as increasing operating expenses, declining revenues, or changes in the asset base of the company.
It is important for stakeholders to closely monitor the company's operating ROA to assess its operational efficiency and effectiveness in generating profits from its assets. Further analysis and investigation into the company's operations, cost structure, revenue streams, and asset utilization may be warranted to address the declining trend in operating ROA and identify opportunities for improvement.
Peer comparison
Dec 31, 2023