Boston Beer Company Inc (SAM)
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 | 100,001 | 109,122 | 85,986 | 79,001 | 90,791 | 34,665 | -79,474 | -70,754 | 7,998 | 123,055 | 300,609 | 299,273 | 244,207 | 219,784 | 177,839 | 137,002 | 144,913 | 156,062 | 142,954 | 136,086 |
| Total assets | US$ in thousands | 1,429,990 | 1,516,890 | 1,492,550 | 1,392,510 | 1,420,770 | 1,530,700 | 1,480,470 | 1,390,000 | 1,386,780 | 1,463,530 | 1,560,950 | 1,464,170 | 1,378,820 | 1,312,340 | 1,208,250 | 1,193,560 | 1,054,060 | 1,016,180 | 813,330 | 704,020 |
| Operating ROA | 6.99% | 7.19% | 5.76% | 5.67% | 6.39% | 2.26% | -5.37% | -5.09% | 0.58% | 8.41% | 19.26% | 20.44% | 17.71% | 16.75% | 14.72% | 11.48% | 13.75% | 15.36% | 17.58% | 19.33% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $100,001K ÷ $1,429,990K
= 6.99%
Boston Beer Company Inc's operating return on assets (operating ROA) has shown fluctuations over the past five quarters, ranging from -5.37% to 20.44%. The operating ROA for the latest quarter, December 31, 2023, was 6.99%, slightly lower than the previous quarter.
The downward trend in operating ROA from the peak of 20.44% in Q1 2021 to the current level indicates a decrease in the company's operational efficiency in utilizing its assets to generate profits. The negative operating ROA figures in Q2 and Q3 2022 suggest that the company may have struggled with profitability during that period.
It is important for Boston Beer Company Inc to focus on improving its operational performance and efficiency in order to enhance its return on assets in the future and drive sustainable growth. Monitoring and addressing the factors affecting operating ROA, such as cost management, revenue generation, and asset utilization, will be crucial for the company's financial health and long-term success.
Peer comparison
Dec 31, 2023