The Wendy’s Co (WEN)
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 | 204,440 | 198,777 | 191,270 | 179,789 | 177,370 | 188,226 | 178,855 | 196,428 | 200,392 | 186,995 | 185,577 | 144,757 | 117,832 | 105,631 | 112,005 | 119,487 | 136,940 | 129,238 | 474,360 | 471,850 |
| Total assets | US$ in thousands | 5,182,830 | 5,290,450 | 5,353,750 | 5,408,030 | 5,499,340 | 5,524,990 | 5,515,580 | 5,563,100 | 5,101,390 | 5,156,950 | 5,166,870 | 4,956,670 | 5,040,010 | 4,963,020 | 5,070,360 | 4,981,720 | 4,994,530 | 5,136,220 | 5,163,890 | 5,185,660 |
| ROA | 3.94% | 3.76% | 3.57% | 3.32% | 3.23% | 3.41% | 3.24% | 3.53% | 3.93% | 3.63% | 3.59% | 2.92% | 2.34% | 2.13% | 2.21% | 2.40% | 2.74% | 2.52% | 9.19% | 9.10% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $204,440K ÷ $5,182,830K
= 3.94%
Wendy's Co has shown consistent performance in terms of return on assets (ROA) over the past eight quarters. The ROA values have ranged from 3.23% to 3.94%, indicating the company's ability to generate profits relative to its total assets.
The trend in ROA over the quarters shows a slight fluctuation but generally remains within a narrow range, suggesting stable asset utilization. The highest ROA of 3.94% was observed in Q4 2023, indicating a relatively efficient use of assets to generate earnings during that period. Conversely, the lowest ROA of 3.23% was reported in Q4 2022, showing a dip in asset profitability compared to other quarters.
Overall, Wendy's Co's ROA performance reflects a consistent and reasonable ability to generate returns from its asset base, with fluctuations that may warrant further investigation into the factors influencing profitability in specific quarters.
Peer comparison
Dec 31, 2023