Somnigroup International Inc. (SGI)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 628,500 | 609,900 | 595,400 | 607,200 | 632,400 | 650,200 | 635,300 | 680,600 | 784,300 | 833,100 | 912,500 | 912,300 | 854,700 | 785,100 | 615,200 | 532,100 | 423,500 | 363,900 | 391,500 | 346,700 |
| Total assets | US$ in thousands | 4,568,000 | 4,578,000 | 4,585,800 | 4,553,900 | 4,546,100 | 4,570,800 | 4,537,100 | 4,359,800 | 4,351,700 | 4,404,400 | 4,321,900 | 4,323,400 | 4,467,300 | 3,277,600 | 3,542,100 | 3,308,600 | 3,455,400 | 3,201,900 | 3,306,200 | 3,061,800 |
| Operating ROA | 13.76% | 13.32% | 12.98% | 13.33% | 13.91% | 14.23% | 14.00% | 15.61% | 18.02% | 18.92% | 21.11% | 21.10% | 19.13% | 23.95% | 17.37% | 16.08% | 12.26% | 11.37% | 11.84% | 11.32% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $628,500K ÷ $4,568,000K
= 13.76%
Operating return on assets (operating ROA) is a key financial ratio that measures a company's operational efficiency in generating profits from its assets. Looking at the data provided for Somnigroup International Inc., we observe fluctuations in the operating ROA over the period from December 31, 2019, to September 30, 2024.
The trend in Somnigroup's operating ROA shows some variability, with the ratio fluctuating between 11.32% and 23.95% during the period. We can see an increasing trend initially, with a steady rise in the operating ROA from 11.32% in December 2019 to 23.95% in June 2021. This indicates that the company was becoming more efficient in generating operating profits relative to its total assets.
However, from June 2021 onwards, the operating ROA started to decline gradually, showing a decrease to 13.33% by December 2023. The ratio stabilized around this level until September 30, 2024, when it slightly increased to 13.76%.
The fluctuations in Somnigroup's operating ROA suggest changes in the company's operational performance and efficiency in utilizing its assets to generate profits. It is essential for the company to monitor this ratio closely to ensure optimal utilization of resources and sustainable profitability in the long run. Further analysis of the factors driving these fluctuations and their impact on the company's overall financial health would provide valuable insights for stakeholders and decision-makers.
Peer comparison
Sep 30, 2024