B&G Foods Inc (BGS)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-66,198	-11,370	67,363	131,988	76,389
Total assets	US$ in thousands	3,463,290	3,841,610	3,828,540	3,767,570	3,227,590
ROA		-1.91%	-0.30%	1.76%	3.50%	2.37%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-66,198K ÷ $3,463,290K
= -1.91%

The return on assets (ROA) for B&G Foods Inc has been fluctuating over the past five years. In 2023, the ROA decreased significantly to -1.91%, indicating that the company generated a negative return on its assets during that period. This is a concerning trend as it suggests that the company's profitability relative to its total assets deteriorated.

Compared to the previous year, 2022, when the ROA was -0.30%, there was a further decline in 2023. The negative ROA in both years suggests that the company may be struggling to effectively utilize its assets to generate profits.

In contrast, in 2021, the ROA was 1.76%, showing an improvement in the company's ability to generate profit from its assets. However, this improvement was not sustained in the following years.

The highest ROA in the provided data was in 2020, at 3.50%, indicating that the company was more efficient in generating profits relative to its assets during that period.

Overall, the downward trend in ROA from 2020 to 2023 suggests that B&G Foods Inc may be facing challenges in effectively utilizing its assets to generate profits. Further analysis of the company's financial performance and asset management strategies would be needed to ascertain the reasons behind these fluctuations in ROA.