Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value to EBITDA (EV/EBITDA)
- Net Profit Margin since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Debt to Equity since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Profitability Ratios (Summary)
Chipotle Mexican Grill Inc., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Gross Profit Margin
- The gross profit margin exhibits a consistent upward trend from the first reported value in March 2020, starting at 17.4% and gradually increasing each quarter. By March 2025, it reaches approximately 26.37%. This steady improvement indicates enhanced efficiency in production or cost management over the observed period.
- Operating Profit Margin
- Operating profit margin follows a similar positive trajectory, beginning at 4.85% in March 2020 and steadily climbing to 17.01% by March 2025. The continuous rise reflects improved operational efficiency, possibly due to effective expense controls or increased revenue generation at a higher margin.
- Net Profit Margin
- The net profit margin also shows a progressive increase, starting at 5.94% in March 2020 and reaching 13.59% by March 2025. The growth pattern is consistent, suggesting stable increases in the overall profitability after accounting for all expenses and taxes.
- Return on Equity (ROE)
- Return on equity presents significant growth from 17.61% in March 2020 to 44.73% in March 2025, with some fluctuations. This increase indicates that the company has become more effective at generating earnings from shareholders' equity, reflecting improved financial performance and management effectiveness.
- Return on Assets (ROA)
- Return on assets steadily increases from 5.95% in March 2020 to 17.26% in March 2025. This trend reveals enhanced efficiency in utilizing assets to generate profits, paralleling improvements seen in other profitability metrics.
Return on Sales
Return on Investment
Gross Profit Margin
Chipotle Mexican Grill Inc., gross profit margin calculation (quarterly data)
| Mar 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | ||||||||||||||||||||||||||||
| McDonald’s Corp. | ||||||||||||||||||||||||||||
| Starbucks Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Gross profit margin = 100
× (Gross profitQ1 2025
+ Gross profitQ4 2024
+ Gross profitQ3 2024
+ Gross profitQ2 2024)
÷ (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data reveals significant trends in the gross profit, revenue, and gross profit margin over the periods analyzed.
- Gross Profit Trends
- Gross profit exhibited fluctuation initially, with a notable dip in the second quarter of 2020, possibly reflective of broader economic conditions at that time. Subsequent quarters demonstrated recovery and overall growth, reaching a peak near the end of 2023 and in 2024. Despite some quarter-over-quarter variability, the overall trajectory of gross profit is upward, indicating improved profitability at the gross margin level.
- Revenue Trends
- Revenue showed a consistent upward trend from the earlier quarters of 2020 through to 2025. Initial quarters demonstrated a slight decline followed by steady growth, with revenues almost doubling by the end of the period in comparison with early 2020 figures. This steady increase suggests strengthening sales and business expansion over time.
- Gross Profit Margin Trends
- Gross profit margin percentages, available from late 2020 onwards, reflected gradual improvement throughout the periods. Starting from approximately 17.4% in late 2020, the margin consistently increased each quarter, reaching around 26.37% by the first quarter of 2025. This represents a substantial margin expansion, signaling enhanced efficiency in managing the cost of goods sold relative to revenue.
- Overall Insights
- The combined increase in gross profit and revenue, along with the rising gross profit margin, indicates that the company improved both its top-line performance and its cost management capabilities during these periods. The pattern of growth in revenue outpacing some volatility in gross profit early on, followed by more stable and robust gross profit increases, suggests successful operational adjustments. The gross profit margin expansion confirms improved profitability quality, reflecting either cost control, pricing power, or a mix of both.
Operating Profit Margin
Chipotle Mexican Grill Inc., operating profit margin calculation (quarterly data)
| Mar 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Income (loss) from operations | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | ||||||||||||||||||||||||||||
| Booking Holdings Inc. | ||||||||||||||||||||||||||||
| McDonald’s Corp. | ||||||||||||||||||||||||||||
| Starbucks Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Operating profit margin = 100
× (Income (loss) from operationsQ1 2025
+ Income (loss) from operationsQ4 2024
+ Income (loss) from operationsQ3 2024
+ Income (loss) from operationsQ2 2024)
÷ (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The data reveals several notable trends regarding the company's financial performance over the analyzed periods.
- Income (loss) from operations
- The income from operations shows considerable variability throughout the timeline. Initially, there was a loss recorded in the second quarter of 2020, which was an anomaly amidst an otherwise generally positive trend. Following this, the company experienced strong growth in operating income, peaking at various intervals. The highest values were recorded in the middle quarters of 2024, indicating robust operational profitability. Despite some fluctuations in the later quarters, the overall trend shows a pattern of increasing income from operations, signifying improved operational efficiency or revenue growth during these periods.
- Revenue
- Revenue demonstrates a consistent upward trajectory from the beginning to the end of the dataset. Starting at approximately 1.41 billion US dollars in the first quarter of 2020, it steadily increases over subsequent periods, reaching nearly 2.88 billion US dollars by the first quarter of 2025. This steady growth suggests successful expansion in sales volume or pricing strategies, contributing positively to the company's top-line performance. Despite minor fluctuations in a few quarters, the general pattern remains strongly positive, reflecting favorable market demand or effective business operations.
- Operating profit margin
- The operating profit margin shows a clear and sustained improvement over time. From around 4.85% in the first quarter of 2020, margins increase steadily each quarter, achieving approximately 17% by the first quarter of 2025. This upward movement points to enhanced operational efficiency, better cost control, or higher value-added activities within the company. The margin growth aligns with the increased operating income and revenue figures, indicating healthy profitability improvements and effective management strategies.
In summary, the company displays marked growth in revenue and operating income, accompanied by a significant increase in operating profit margins over the reported periods. These trends collectively suggest strengthened financial health, improved profitability, and effective operational management across the analyzed timeframe.
Net Profit Margin
Chipotle Mexican Grill Inc., net profit margin calculation (quarterly data)
| Mar 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income | ||||||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | ||||||||||||||||||||||||||||
| Booking Holdings Inc. | ||||||||||||||||||||||||||||
| McDonald’s Corp. | ||||||||||||||||||||||||||||
| Starbucks Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Net profit margin = 100
× (Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024
+ Net incomeQ2 2024)
÷ (RevenueQ1 2025
+ RevenueQ4 2024
+ RevenueQ3 2024
+ RevenueQ2 2024)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data over the reported quarters reflects notable trends in net income, revenue, and net profit margin. These indicators demonstrate the company's financial performance progression and profitability dynamics from early 2020 through the first quarter of 2025.
- Net Income
- Net income shows considerable volatility in the initial quarters of 2020, with a sharp decrease in the second quarter followed by recovery by the end of that year. Starting in 2021, net income generally trends upward, reaching significant peaks in the middle of the year. Throughout 2022 and 2023, net income remains strong and exhibits considerable growth in most quarters, peaking in the second quarter of 2024. The data for 2024 and early 2025 indicates some fluctuations, with a slight downtrend in late 2024 followed by a recovery in the first quarter of 2025.
- Revenue
- Revenue steadily increases over the entire period, showing resilience despite economic challenges during 2020. From the first quarter of 2020 to the first quarter of 2025, revenue exhibits a consistent growth trajectory, with noted acceleration from 2021 onwards. Quarterly revenue gains remain relatively stable and incremental with minor dips that quickly recover in subsequent quarters. The highest revenue figures are observed in 2024, continuing into early 2025, demonstrating sustained demand and business expansion.
- Net Profit Margin
- The net profit margin data, available starting from March 2021, presents a clear upward trend, emphasizing improving profitability efficiency. The margin increases steadily from 5.94% in early 2021 to over 13% by early 2025. This improvement suggests enhanced cost control, operational efficiency, or favorable revenue composition contributing to a healthier bottom line relative to sales. The increase is consistent across quarters with incremental gains each period, underlining stable and progressive profit improvement.
Overall, the financial data reveals a company in a growth phase with expanding revenue, improving profitability, and recovering net income post-2020 volatility. The positive trend in net profit margin further highlights an increasingly efficient conversion of revenue into profit, which bodes well for sustained financial health.
Return on Equity (ROE)
Chipotle Mexican Grill Inc., ROE calculation (quarterly data)
| Mar 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income | ||||||||||||||||||||||||||||
| Shareholders’ equity | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | ||||||||||||||||||||||||||||
| Booking Holdings Inc. | ||||||||||||||||||||||||||||
| McDonald’s Corp. | ||||||||||||||||||||||||||||
| Starbucks Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROE = 100
× (Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024
+ Net incomeQ2 2024)
÷ Shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The financial data indicates several important trends over the observed periods.
- Net Income
- Net income shows significant fluctuations with notable increases and some declines over consecutive quarters. Starting from a lower value in early 2020, it rises sharply by the end of 2020. In 2021, net income maintains relatively high levels with some variability. From 2022 through early 2025, the net income generally trends upward with pronounced peaks and troughs. Despite some quarterly decreases, the overall direction suggests growth in profitability, especially toward the later periods where higher values are recorded.
- Shareholders’ Equity
- Shareholders’ equity consistently increases throughout the entire timeline, reflecting a steady accumulation of retained earnings and possibly other equity injections. Despite minor fluctuations in certain quarters, the overall upward trend implies strengthening of the company's net asset base. This growth in equity supports the increasing net income and may provide a solid foundation for continued financial stability and expansion.
- Return on Equity (ROE)
- ROE data starts during 2020 and shows a compelling upward trend. The ratio improves markedly from around 17.61% to exceed 40% in the final reported quarters, peaking near 44.73%. This gradual and substantial increase in ROE suggests improving efficiency in generating profit from shareholders' equity, indicating enhanced management effectiveness or capital utilization.
Overall, the combination of rising net income, expanding shareholders’ equity, and increasing ROE reflects improving financial performance and profitability over the period. The data suggests the company has strengthened its financial position, achieving higher profitability relative to its equity base while maintaining growth in net asset value.
Return on Assets (ROA)
Chipotle Mexican Grill Inc., ROA calculation (quarterly data)
| Mar 31, 2025 | 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 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in thousands) | ||||||||||||||||||||||||||||
| Net income | ||||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Airbnb Inc. | ||||||||||||||||||||||||||||
| Booking Holdings Inc. | ||||||||||||||||||||||||||||
| McDonald’s Corp. | ||||||||||||||||||||||||||||
| Starbucks Corp. | ||||||||||||||||||||||||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROA = 100
× (Net incomeQ1 2025
+ Net incomeQ4 2024
+ Net incomeQ3 2024
+ Net incomeQ2 2024)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The net income exhibits considerable variability over the observed periods, with initial fluctuations during 2020, starting from a moderate value, dipping significantly in the second quarter, then recovering and growing through the subsequent quarters. From 2021 onwards, net income generally trends upward, reaching a peak in mid-2024 before exhibiting some volatility toward the end of the dataset, with the highest reported figure in June 2024. This pattern suggests cyclical influences or operational adjustments impacting profitability.
Total assets show a consistent increase across the entire time horizon, reflecting ongoing growth in the asset base. Starting below 5.3 billion USD at the beginning of 2020, the assets steadily increase, reaching above 9 billion USD by late 2024, suggesting sustained investment or expansion activities. The growth is relatively continuous without evident contraction periods, indicating stable asset accumulation or capital expenditure.
The return on assets (ROA) data is available from the first quarter of 2021 onwards and depicts a clear upward trajectory. Beginning at 5.95%, ROA rises steadily each quarter, reaching approximately 17.26% by the first quarter of 2025. This upward trend reflects increasing efficiency in generating net income from the asset base and implies improvements in operational effectiveness or profitability management over time.
- Net Income:
- Shows significant fluctuations in 2020 with a notable recovery and steady growth from 2021 to early 2024, followed by some variability in the last observed periods.
- Total Assets:
- Exhibit sustained and consistent growth throughout the period, indicating ongoing investment and asset accumulation without periods of decline.
- Return on Assets (ROA):
- Displays an increasing trend from 5.95% in early 2021 to above 17% by early 2025, highlighting improving asset utilization efficiency over time.
Overall, the financial data indicates robust growth in assets accompanied by improving profitability and efficiency as demonstrated by rising net income and ROA. The company appears to be successfully leveraging its growing asset base to enhance earnings generation capability, signaling positive operational momentum.