B&G Foods Inc (BGS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -251,251 | -26,262 | -116,467 | -109,852 | -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 |
| 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 |
| ROA | -8.39% | -0.77% | -3.48% | -3.27% | -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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-251,251K ÷ $2,994,050K
= -8.39%
B&G Foods Inc's return on assets (ROA) has demonstrated a declining trend over the past few years, starting from 2.64% in March 2020 and reaching as low as -8.39% by December 2024. The ROA values fluctuated throughout the period, with some quarters showing slight improvements, but the overall trajectory was downwards.
A negative ROA indicates that the company's assets are not generating sufficient profits, which may raise concerns about its operational efficiency and profitability. Investors and stakeholders should closely monitor this trend and consider the underlying factors contributing to the declining ROA to assess the company's financial performance and future prospects accurately. Further analysis, including comparisons with industry peers and identifying potential areas of improvement, may provide deeper insights into B&G Foods Inc's ROA performance.
Peer comparison
Dec 31, 2024