Tootsie Roll Industries Inc (TR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,827 | 11,380 | 12,918 | 12,004 | 27,147 | 105,429 | 97,624 | 94,887 | 75,937 | 70,625 | 68,781 | 66,586 | 65,326 | 60,246 | 60,186 | 57,780 | 12,029,013 | 12,028,616 | 12,033,797 | 12,037,965 |
| 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 |
| ROA | 7.57% | 0.99% | 1.17% | 1.10% | 2.50% | 9.89% | 9.44% | 9.31% | 7.45% | 6.88% | 6.87% | 6.57% | 6.41% | 5.93% | 6.05% | 5.90% | 1,221.77% | 1,224.87% | 1,234.87% | 1,259.30% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $86,827K ÷ $1,147,180K
= 7.57%
Tootsie Roll Industries Inc has shown fluctuating Return on Assets (ROA) over the analyzed period. The ROA started at exceptionally high levels in the first half of 2020, gradually declining by the end of 2020 and into the first half of 2021. Subsequently, there was a significant improvement in ROA during the second half of 2021, reaching its peak in December 2022. However, there was a notable drop in ROA by the end of 2023, followed by a recovery in the first half of 2024.
Overall, the ROA of Tootsie Roll Industries Inc indicates varying levels of efficiency in generating profits from its assets. The company experienced periods of strong profitability relative to its asset base, as well as some periods of lower returns. It is essential for investors and stakeholders to closely monitor these fluctuations and consider other financial metrics to gain a comprehensive understanding of the company's performance and potential future prospects.
Peer comparison
Dec 31, 2024