Tootsie Roll Industries Inc (TR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 100,505 | 101,828 | 110,755 | 67,133 | 58,244 |
| Total assets | US$ in thousands | 1,147,180 | 1,084,390 | 1,018,780 | 1,018,620 | 984,558 |
| Operating ROA | 8.76% | 9.39% | 10.87% | 6.59% | 5.92% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $100,505K ÷ $1,147,180K
= 8.76%
Tootsie Roll Industries Inc's operating return on assets (operating ROA) has shown a consistent improvement over the years based on the provided data. The operating ROA increased from 5.92% as of December 31, 2020, to 8.76% as of December 31, 2024. This indicates that the company has been able to generate more operating income relative to its total assets invested in the business.
The significant rise in operating ROA to 10.87% as of December 31, 2022, suggests that Tootsie Roll Industries Inc was able to operate more efficiently and profitably during that period. However, the operating ROA decreased slightly to 9.39% as of December 31, 2023. Despite this dip, the company still maintained a healthy return on assets.
Overall, the trend in Tootsie Roll Industries Inc's operating ROA indicates an improvement in operating efficiency and profitability over the years, with the company effectively utilizing its assets to generate operating income.
Peer comparison
Dec 31, 2024