Tootsie Roll Industries Inc (TR)
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 | 101,828 | 100,806 | 90,491 | 102,716 | 110,755 | 103,573 | 97,632 | 77,558 | 67,133 | 58,436 | 54,321 | 47,910 | 58,244 | 61,669 | 72,178 | 84,200 | 69,214 | 74,357 | 68,545 | 66,398 |
| Total assets | US$ in thousands | 1,084,390 | 1,065,910 | 1,033,990 | 1,019,610 | 1,018,780 | 1,026,360 | 1,001,110 | 1,012,850 | 1,018,620 | 1,015,440 | 994,958 | 978,991 | 984,558 | 982,035 | 974,501 | 955,927 | 977,864 | 982,092 | 948,524 | 940,504 |
| Operating ROA | 9.39% | 9.46% | 8.75% | 10.07% | 10.87% | 10.09% | 9.75% | 7.66% | 6.59% | 5.75% | 5.46% | 4.89% | 5.92% | 6.28% | 7.41% | 8.81% | 7.08% | 7.57% | 7.23% | 7.06% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $101,828K ÷ $1,084,390K
= 9.39%
Tootsie Roll Industries, Inc.'s operating return on assets (ROA) has shown some fluctuations over the past eight quarters. The operating ROA ranged from a low of 7.66% in Q1 2022 to a high of 10.87% in Q4 2022. Notably, the company experienced a peak in operating ROA in Q4 2022, which was followed by a downward trend in the subsequent quarters.
The operating ROA decreased to 9.75% in Q2 2022, further dropping to 10.09% in Q3 2022 and 10.87% in Q4 2022. However, there was a slight improvement in Q1 2023, reaching 10.07%, before declining to 8.75% in Q2 2023, and further to 9.46% in Q3 2023. The most recent data available for Q4 2023 shows a slight uptick at 9.39%.
Overall, the trend in the operating ROA indicates some variability in the company's ability to generate operating profits from its assets over the past two years. It would be beneficial for stakeholders to further analyze the underlying factors contributing to these fluctuations to assess the long-term financial performance and efficiency of Tootsie Roll Industries, Inc.
Peer comparison
Dec 31, 2023