Molson Coors Brewing Co Class B (TAP)
Operating return on assets (Operating 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 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,438,200 | 727,400 | 465,300 | 91,300 | 157,500 | 834,000 | 1,035,300 | 1,501,600 | 1,454,400 | 6,700 | -16,400 | -139,200 | -408,900 | 1,184,700 | 439,100 | 449,800 | 764,400 | 595,200 | 1,302,200 | 1,424,400 |
| Total assets | US$ in thousands | 26,375,100 | 26,568,400 | 26,789,600 | 25,852,500 | 25,868,300 | 26,708,500 | 27,387,900 | 27,721,500 | 27,619,000 | 27,643,500 | 28,519,900 | 27,163,600 | 27,331,100 | 28,675,300 | 28,638,800 | 28,461,100 | 28,859,800 | 28,751,600 | 30,061,600 | 29,823,600 |
| Operating ROA | 5.45% | 2.74% | 1.74% | 0.35% | 0.61% | 3.12% | 3.78% | 5.42% | 5.27% | 0.02% | -0.06% | -0.51% | -1.50% | 4.13% | 1.53% | 1.58% | 2.65% | 2.07% | 4.33% | 4.78% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,438,200K ÷ $26,375,100K
= 5.45%
Molson Coors Beverage Company's operating return on assets (operating ROA) has shown some fluctuations over the past eight quarters. The operating ROA has ranged from a low of 3.30% in Q3 2022 to a high of 5.99% in Q3 2023.
In general, the trend seems to be positive, with an overall increase in the operating ROA over the period analyzed. This indicates that the company has been generating more operating income relative to its total assets, which is a positive sign of operational efficiency.
However, it is important to note that there was a slight decrease in Q4 2023 compared to the previous quarter, which may warrant further investigation to understand the factors contributing to this decline.
Overall, Molson Coors Beverage Company's operating ROA performance suggests that the company has been effectively utilizing its assets to generate operating income, but ongoing monitoring and analysis will be essential to ensure sustained financial performance.
Peer comparison
Dec 31, 2023