B&G Foods Inc (BGS)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -177,277 | 121,037 | -2,715 | 2,680 | 80,419 | 105,042 | 126,737 | 104,485 | 98,628 | 53,580 | 158,250 | 190,424 | 196,079 | 218,261 | 252,297 | 278,197 | 276,438 | 278,326 | 256,370 | 218,765 |
| Total assets | US$ in thousands | 2,994,050 | 3,418,420 | 3,351,550 | 3,360,520 | 3,463,290 | 3,956,850 | 3,718,710 | 3,752,440 | 3,841,610 | 3,983,570 | 3,916,920 | 3,839,350 | 3,828,540 | 3,946,140 | 3,761,420 | 3,741,200 | 3,767,570 | 3,278,900 | 3,251,820 | 3,318,780 |
| Operating ROA | -5.92% | 3.54% | -0.08% | 0.08% | 2.32% | 2.65% | 3.41% | 2.78% | 2.57% | 1.35% | 4.04% | 4.96% | 5.12% | 5.53% | 6.71% | 7.44% | 7.34% | 8.49% | 7.88% | 6.59% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-177,277K ÷ $2,994,050K
= -5.92%
Operating return on assets (Operating ROA) is a key financial metric that indicates how efficiently a company is generating profits from its operating activities relative to its total assets. Looking at the data provided for B&G Foods Inc, we observe fluctuations in the company's Operating ROA over the reporting periods from March 31, 2020, to December 31, 2024.
Initially, B&G Foods Inc's Operating ROA showed a gradual increase from 6.59% on March 31, 2020, reaching a peak of 8.49% on September 30, 2020. This upward trend indicated improving profitability generated from the company's operational efficiency and asset utilization. However, the Operating ROA started declining from December 31, 2020, reaching a low of 1.35% on September 30, 2022.
The decreasing trend in Operating ROA suggests that B&G Foods Inc may be facing challenges in maintaining or improving profitability relative to its assets. A sharp decline was seen at December 31, 2024, where the Operating ROA fell to -5.92%, indicating potential operational inefficiencies or a decrease in asset utilization that resulted in negative returns.
Overall, the decreasing Operating ROA trend warrants further investigation into the company's operational performance, asset management strategies, and potential factors impacting profitability to address the declining returns observed in the latter periods of the financial data.
Peer comparison
Dec 31, 2024