ConAgra Foods Inc (CAG)
Operating return on assets (Operating ROA)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,175,000 | 1,464,200 | 1,587,600 | 2,141,000 | 1,815,600 |
| Total assets | US$ in thousands | 20,862,300 | 22,052,600 | 22,435,100 | 22,195,600 | 22,304,000 |
| Operating ROA | 5.63% | 6.64% | 7.08% | 9.65% | 8.14% |
May 26, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,175,000K ÷ $20,862,300K
= 5.63%
The operating return on assets (operating ROA) for ConAgra Foods Inc has exhibited a declining trend over the past five years. From May 31, 2020, to May 26, 2024, the operating ROA decreased from 8.14% to 5.63%. This trend suggests that the company's ability to generate operating income from its assets has decreased over this period.
The declining operating ROA may indicate inefficiencies in the company's operations, such as increasing operating costs or a decrease in revenue generated from its assets. Investors and stakeholders should further investigate the factors contributing to this downward trend to understand the company's performance and potential future challenges.
Peer comparison
May 26, 2024