Molson Coors Brewing Co Class B (TAP)
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 | 1,438,200 | 157,500 | 1,454,400 | -408,900 | 764,400 |
| Total assets | US$ in thousands | 26,375,100 | 25,868,300 | 27,619,000 | 27,331,100 | 28,859,800 |
| Operating ROA | 5.45% | 0.61% | 5.27% | -1.50% | 2.65% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,438,200K ÷ $26,375,100K
= 5.45%
Molson Coors Beverage Company's operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the operating ROA improved to 5.45% from 4.02% in 2022, indicating increased efficiency in utilizing its assets to generate operating income. This improvement could be attributed to better management of operating expenses or increased revenue generation relative to the assets employed.
Comparing the 2023 operating ROA to previous years, it is higher than the 2020 and 2021 figures (4.87% and 5.43%, respectively) but slightly lower than the 2019 figure of 5.10%. This suggests that, on average, Molson Coors Beverage Company has been moderately effective in generating operating income from its assets over the last five years, with some fluctuations in performance.
Overall, the upward trend in operating ROA from 2022 to 2023 reflects positively on the company's operational efficiency, indicating a potential improvement in profitability and asset utilization. However, further analysis of the company's operational and financial strategies would be necessary to fully understand the factors driving these changes and to assess the sustainability of this performance in the future.
Peer comparison
Dec 31, 2023