ConAgra Foods Inc (CAG)

Operating return on assets (Operating ROA)

		May 26, 2024	Feb 25, 2024	Nov 26, 2023	Aug 27, 2023	May 28, 2023	Feb 26, 2023	Nov 27, 2022	Aug 28, 2022	May 29, 2022	Feb 27, 2022	Nov 28, 2021	Aug 29, 2021	May 30, 2021	Feb 28, 2021	Nov 29, 2020	Aug 30, 2020	May 31, 2020	Feb 23, 2020	Nov 24, 2019	Aug 25, 2019
Operating income (ttm)	US$ in thousands	1,175,000	1,812,400	1,814,900	1,927,700	1,464,200	1,566,400	1,409,600	1,221,900	1,587,600	1,686,400	1,807,700	1,981,800	2,141,000	2,272,000	2,166,200	2,039,500	1,815,600	1,707,300	1,748,500	1,666,000
Total assets	US$ in thousands	20,862,300	21,919,900	22,120,000	22,365,400	22,052,600	22,454,200	22,414,000	22,219,500	22,435,100	22,499,300	22,592,000	22,539,900	22,195,600	22,105,100	22,276,700	22,377,300	22,304,000	22,202,100	22,492,600	22,354,500
Operating ROA		5.63%	8.27%	8.20%	8.62%	6.64%	6.98%	6.29%	5.50%	7.08%	7.50%	8.00%	8.79%	9.65%	10.28%	9.72%	9.11%	8.14%	7.69%	7.77%	7.45%

May 26, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $1,175,000K ÷ $20,862,300K
= 5.63%

Operating ROA is a measure of how efficiently ConAgra Foods Inc generates operating profits from its assets. The trend analysis of ConAgra's Operating ROA over the past several quarters shows some fluctuations. The operating ROA ranged from a low of 5.50% in August 2022 to a high of 10.28% in May 2021, with an average of around 7-8% over the period.

The increase in operating ROA from 5.50% in August 2022 to 10.28% in May 2021 suggests that the company improved its operational efficiency and profitability during this period. However, the decreasing trend from May 2021 to May 2024, reaching 5.63%, may indicate potential challenges or changes in the company's operating performance.

Overall, while ConAgra Foods Inc demonstrated periods of strong operational performance, the recent decrease in operating ROA highlights the importance of closely monitoring the company's efficiency in utilizing its assets to generate profits in the future.