B&G Foods Inc (BGS)

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	-66,198	-44,472	-21,314	-31,611	-11,370	-40,484	39,846	64,141	67,363	84,348	110,414	130,774	131,988	130,075	114,350	87,690	76,389	178,054	178,954	168,679
Total assets	US$ in thousands	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	3,227,590	3,572,260	3,171,770	3,074,180
ROA		-1.91%	-1.12%	-0.57%	-0.84%	-0.30%	-1.02%	1.02%	1.67%	1.76%	2.14%	2.94%	3.50%	3.50%	3.97%	3.52%	2.64%	2.37%	4.98%	5.64%	5.49%

December 31, 2023 calculation

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

The return on assets (ROA) for B&G Foods Inc has shown a fluctuating trend over the past few years, with values ranging from negative to positive. The ROA declined in the most recent quarter of Dec 31, 2023, to -1.91%, indicating that the company generated a loss in relation to its assets during that period. This decline is a continuation of the negative trend observed in the prior quarter, Sep 30, 2023, where the ROA was -1.12%.

Comparing these recent figures to the same periods in the prior year, there has been a significant decrease in performance as the ROA was 2.37% in Mar 31, 2019, and 4.98% in Dec 31, 2019. This indicates a decline in the company's ability to generate profit from its assets year over year.

Overall, the downward trend in ROA over the recent quarters suggests that B&G Foods Inc may be facing challenges in efficiently utilizing its assets to generate profits. An analysis of the underlying reasons for this decline in ROA would be necessary to understand the factors impacting the company's profitability and asset utilization.