Tootsie Roll Industries Inc (TR)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 91,912 | 87,853 | 80,048 | 77,311 | 75,937 | 70,625 | 68,781 | 66,586 | 65,326 | 60,246 | 60,186 | 57,780 | 58,995 | 58,598 | 63,779 | 67,947 | 64,920 | 62,540 | 58,790 | 57,723 |
| 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 |
| ROA | 8.48% | 8.24% | 7.74% | 7.58% | 7.45% | 6.88% | 6.87% | 6.57% | 6.41% | 5.93% | 6.05% | 5.90% | 5.99% | 5.97% | 6.54% | 7.11% | 6.64% | 6.37% | 6.20% | 6.14% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $91,912K ÷ $1,084,390K
= 8.48%
Tootsie Roll Industries, Inc.'s return on assets (ROA) has shown a generally positive trend over the past eight quarters. The ROA has been consistently increasing from 6.57% in Q1 2022 to 8.48% in Q4 2023. This indicates that the company has been able to generate more profit from its assets over time.
The average ROA over the eight quarters is approximately 7.54%, suggesting that, on average, Tootsie Roll Industries generates a return of 7.54 cents for every dollar of assets it holds. This indicates efficient asset utilization by the company.
Overall, the increasing trend in ROA reflects positively on Tootsie Roll Industries' ability to generate earnings from its assets, indicating profitability and efficiency in utilizing its resources to generate returns for its stakeholders. It also suggests that the company's management is effectively utilizing its assets to drive profitability and create value for shareholders.
Peer comparison
Dec 31, 2023