Tootsie Roll Industries Inc (TR)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 101,592 | 84,619 | 83,757 | 82,370 | 101,828 | 94,932 | 96,135 | 108,387 | 98,245 | 103,573 | 97,632 | 77,558 | 67,133 | 58,436 | 54,321 | 47,910 | 58,244 | 61,669 | 72,178 | 84,200 |
| Total assets | US$ in thousands | 1,147,180 | 1,146,220 | 1,102,600 | 1,093,450 | 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 |
| Operating ROA | 8.86% | 7.38% | 7.60% | 7.53% | 9.39% | 8.91% | 9.30% | 10.63% | 9.64% | 10.09% | 9.75% | 7.66% | 6.59% | 5.75% | 5.46% | 4.89% | 5.92% | 6.28% | 7.41% | 8.81% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $101,592K ÷ $1,147,180K
= 8.86%
Tootsie Roll Industries Inc's operating return on assets (operating ROA) has fluctuated over the period from March 31, 2020, to December 31, 2024. The trend indicates a decrease from 8.81% on March 31, 2020, to a low of 4.89% on March 31, 2021. Subsequently, there was a gradual increase in operating ROA, reaching a peak of 10.63% on March 31, 2023.
However, after the peak, there was a slight decline in the operating ROA, hovering around the range of 7-9% from June 30, 2023, to September 30, 2024. By the end of December 31, 2024, the operating ROA had improved to 8.86%.
Overall, Tootsie Roll Industries Inc's operating ROA demonstrates variability over the years, with periods of increase and decrease. The company's ability to generate operating income relative to its total assets has shown improvement over time but with some fluctuations in performance.
Peer comparison
Dec 31, 2024