ConAgra Foods Inc (CAG)
Operating return on assets (Operating ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 852,800 | 1,175,000 | 1,075,300 | 1,464,200 | 1,346,000 |
| Total assets | US$ in thousands | 20,862,300 | 20,862,300 | 22,052,600 | 22,052,600 | 22,435,100 |
| Operating ROA | 4.09% | 5.63% | 4.88% | 6.64% | 6.00% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $852,800K ÷ $20,862,300K
= 4.09%
ConAgra Foods Inc's operating return on assets (operating ROA) has fluctuated over the past few years, ranging from 4.09% to 6.64%. The highest operating ROA was observed on May 28, 2023, at 6.64%, indicating the company generated strong operating profits relative to its assets during that period. However, there was a slight decrease in operating ROA to 4.88% on May 31, 2023, and a further decline to 4.09% on May 31, 2024. These lower percentages suggest a decrease in operating profitability relative to the company's asset base during those respective periods. Overall, ConAgra Foods Inc's operating ROA performance has shown some variability, with room for improvement to enhance operating efficiency and profitability.
Peer comparison
May 31, 2024