Wingstop Inc (WING)

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	70,175	68,957	62,814	59,940	52,947	42,247	40,169	38,174	42,658	29,352	28,143	28,370	23,306	32,763	28,587	21,966	20,476	19,848	20,236	22,157
Total assets	US$ in thousands	377,825	351,676	451,217	451,297	424,190	411,036	395,361	507,296	249,203	260,399	234,264	217,771	211,565	219,691	201,114	188,514	166,113	168,067	150,025	151,450
ROA		18.57%	19.61%	13.92%	13.28%	12.48%	10.28%	10.16%	7.52%	17.12%	11.27%	12.01%	13.03%	11.02%	14.91%	14.21%	11.65%	12.33%	11.81%	13.49%	14.63%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $70,175K ÷ $377,825K
= 18.57%

Wingstop Inc's return on assets (ROA) has exhibited fluctuations over the past years. The ROA ranged from 7.52% to 19.61% during the period under review. The company's ROA showed an upward trend in the recent quarters, indicating improved efficiency in generating profits relative to its assets. The highest ROA of 19.61% was observed in September 2023, suggesting strong asset utilization and profitability. Overall, the company's ability to generate returns from its assets has shown positive momentum, which can be an indicator of effective management and operational performance.