Simply Good Foods Co (SMPL)

Operating return on assets (Operating ROA)

		Aug 31, 2024	May 25, 2024	Feb 24, 2024	Nov 25, 2023	Aug 26, 2023	May 27, 2023	Feb 25, 2023	Nov 26, 2022	Aug 27, 2022	May 28, 2022	Feb 26, 2022	Nov 27, 2021	Aug 28, 2021	May 29, 2021	Feb 27, 2021	Nov 28, 2020	Aug 29, 2020	May 30, 2020	Feb 29, 2020	Nov 30, 2019
Operating income (ttm)	US$ in thousands	206,497	214,426	209,857	204,279	204,949	192,726	193,797	197,243	202,759	200,058	205,104	192,494	173,675	157,682	128,468	120,396	78,224	65,507	54,909	48,642
Total assets	US$ in thousands	2,436,140	2,185,630	2,147,570	2,115,060	2,097,080	2,080,000	2,088,680	2,093,060	2,094,250	2,114,660	2,087,900	2,043,340	2,052,220	2,039,120	2,021,520	2,015,220	2,008,440	2,040,140	2,001,350	2,016,060
Operating ROA		8.48%	9.81%	9.77%	9.66%	9.77%	9.27%	9.28%	9.42%	9.68%	9.46%	9.82%	9.42%	8.46%	7.73%	6.36%	5.97%	3.89%	3.21%	2.74%	2.41%

August 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $206,497K ÷ $2,436,140K
= 8.48%

Simply Good Foods Co's operating return on assets (operating ROA) has shown a generally positive trend over the past several quarters, indicating an improvement in efficiency in generating operating income relative to its assets. The operating ROA ranged from a low of 2.41% in November 2019 to a peak of 9.82% in February 2022.

The company's operating ROA has experienced fluctuations, with some periods of decline followed by periods of growth. This suggests that Simply Good Foods Co has been able to effectively manage its assets to generate operating income, but also faces variability in performance over time.

Overall, the operating ROA figures demonstrate the company's ability to utilize its assets efficiently to generate operating income, though some variation in performance is observed across different reporting periods. Continued monitoring of operating ROA will be important to assess the company's ongoing operational efficiency and performance.