Travel + Leisure Co (TNL)
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 | 719,000 | 690,000 | 672,000 | 674,000 | 653,000 | 686,000 | 683,000 | 649,000 | 619,000 | 509,000 | 387,000 | 122,000 | -106,000 | 68,000 | 218,000 | 530,000 | 811,000 | 711,000 | 694,000 | 561,000 |
| Total assets | US$ in thousands | 6,738,000 | 6,655,000 | 6,602,000 | 6,477,000 | 6,757,000 | 6,380,000 | 6,477,000 | 6,600,000 | 6,588,000 | 6,601,000 | 6,639,000 | 6,728,000 | 7,613,000 | 7,822,000 | 7,597,000 | 7,776,000 | 7,453,000 | 7,563,000 | 7,466,000 | 7,370,000 |
| Operating ROA | 10.67% | 10.37% | 10.18% | 10.41% | 9.66% | 10.75% | 10.55% | 9.83% | 9.40% | 7.71% | 5.83% | 1.81% | -1.39% | 0.87% | 2.87% | 6.82% | 10.88% | 9.40% | 9.30% | 7.61% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $719,000K ÷ $6,738,000K
= 10.67%
The operating return on assets (operating ROA) of Travel+Leisure Co has demonstrated a relatively stable trend over the past eight quarters. The operating ROA ranged from 9.94% to 11.10% during this period, indicating consistent operational efficiency in generating profits from its assets.
Despite minor fluctuations, the operating ROA has remained above 10% for the majority of the quarters, reflecting the company's ability to effectively utilize its assets to generate operating income. This indicates that Travel+Leisure Co is efficiently managing its resources to generate profits from its core operations.
Overall, the consistent performance of operating ROA suggests that Travel+Leisure Co has been successful in optimizing its asset utilization and maintaining profitability levels over the analyzed period. However, further analysis and comparison with industry benchmarks may be necessary to fully assess the company's performance in generating returns from its assets.
Peer comparison
Dec 31, 2023