Shake Shack Inc (SHAK)
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 23, 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 | 20,264 | 2,324 | -7,327 | -15,463 | -24,091 | -23,104 | -23,258 | -20,126 | -8,655 | -18,353 | -21,734 | -39,889 | -42,158 | -24,823 | -8,920 | 16,321 | 19,827 | 20,962 | 15,643 | 14,217 |
| Total assets | US$ in thousands | 1,605,860 | 1,581,940 | 1,549,900 | 1,524,000 | 1,511,950 | 1,515,970 | 1,480,080 | 1,449,730 | 1,457,570 | 1,440,300 | 1,432,270 | 1,407,590 | 1,145,350 | 1,137,200 | 1,123,940 | 1,040,010 | 968,268 | 963,272 | 898,244 | 846,968 |
| ROA | 1.26% | 0.15% | -0.47% | -1.01% | -1.59% | -1.52% | -1.57% | -1.39% | -0.59% | -1.27% | -1.52% | -2.83% | -3.68% | -2.18% | -0.79% | 1.57% | 2.05% | 2.18% | 1.74% | 1.68% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $20,264K ÷ $1,605,860K
= 1.26%
Shake Shack Inc's return on assets (ROA) has displayed variability over the past few quarters. The ROA was notably negative in several periods, indicating challenges in generating profits relative to its asset base. However, the company saw improvement in ROA in the later quarters of 2023 and even achieved positive ROA figures in the last two quarters of 2019.
It is essential for Shake Shack Inc to sustain this positive trend in ROA to ensure efficient utilization of its assets to generate profits for shareholders. Monitoring ROA closely can provide insights into the company's operational efficiency and profitability levels relative to its asset base over time.
Peer comparison
Dec 31, 2023