Sprouts Farmers Market LLC (SFM)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 350,231 | 358,360 | 334,076 | 391,665 | 217,360 |
| Total assets | US$ in thousands | 3,327,430 | 3,070,380 | 2,923,120 | 2,806,400 | 2,722,980 |
| Operating ROA | 10.53% | 11.67% | 11.43% | 13.96% | 7.98% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $350,231K ÷ $3,327,430K
= 10.53%
Sprouts Farmers Market Inc's operating return on assets (ROA) has shown some fluctuations over the past five years. The trend indicates that the company's ability to generate operating income from its assets has varied.
In 2023, the operating ROA decreased to 11.71% from 12.03% in 2022, showing a slight decline. However, compared to 2021, the operating ROA was still at a relatively higher level.
Looking back to 2021, the operating ROA was 13.94%, reflecting a relatively strong performance in that year. This was a significant increase compared to 2020, indicating improved efficiency in generating operating income from its assets.
In 2019, the operating ROA was 8.25%, which was the lowest among the five years analyzed. The subsequent years showed an upward trend until 2021, where the company achieved a peak in operating ROA.
Overall, while there have been fluctuations in Sprouts Farmers Market Inc's operating ROA, the company has managed to maintain a relatively consistent performance in generating operating income from its assets over the past five years. However, there is a slight decrease in 2023 compared to the previous year, which may require further examination to understand the underlying factors influencing this change.
Peer comparison
Dec 31, 2023