ConAgra Foods Inc (CAG)
Operating return on assets (Operating ROA)
| May 31, 2025 | Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | May 26, 2024 | Feb 29, 2024 | Feb 25, 2024 | Nov 30, 2023 | Nov 26, 2023 | Aug 31, 2023 | Aug 27, 2023 | May 31, 2023 | May 28, 2023 | Feb 28, 2023 | Feb 26, 2023 | Nov 30, 2022 | Nov 27, 2022 | Aug 31, 2022 | Aug 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,391,800 | 514,700 | -224,300 | -155,500 | 21,300 | 1,025,900 | 2,041,600 | 2,059,200 | 2,006,500 | 1,615,000 | 1,236,700 | 1,237,700 | 1,292,900 | 1,785,500 | 2,276,600 | 1,765,300 | 1,246,600 | 911,100 | 522,200 | 902,700 |
| Total assets | US$ in thousands | 22,568,100 | 20,744,500 | 21,018,100 | 21,247,800 | 20,862,300 | 20,862,300 | 21,919,900 | 21,919,900 | 22,120,000 | 22,120,000 | 22,365,400 | 22,365,400 | 22,052,600 | 22,052,600 | 22,454,200 | 22,454,200 | 22,414,000 | 22,414,000 | 22,219,500 | 22,219,500 |
| Operating ROA | 6.17% | 2.48% | -1.07% | -0.73% | 0.10% | 4.92% | 9.31% | 9.39% | 9.07% | 7.30% | 5.53% | 5.53% | 5.86% | 8.10% | 10.14% | 7.86% | 5.56% | 4.06% | 2.35% | 4.06% |
May 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,391,800K ÷ $22,568,100K
= 6.17%
The Operating Return on Assets (ROA) for ConAgra Foods Inc. exhibits considerable fluctuations over the analyzed period. Initially, in late August 2022, the metric stood at 4.06%, indicating a modest level of operating efficiency relative to assets. Early in the following period, by August 31, 2022, it declined to 2.35%, reflecting a dip in operating performance or asset productivity.
Subsequently, the Operating ROA returned to the 4.06% level in late November 2022 before rising sharply to 5.56% at the end of November 2022, suggesting improved operational efficiency or higher profitability relative to assets during this timeframe. The upward trend continued into early 2023, reaching 7.86% in late February and further escalating to 10.14% at the end of February 2023, indicative of a period of strong operational performance and asset utilization.
During the late May 2023 period, the Operating ROA experienced a decline to 8.10% and 5.86%, respectively, but still reflected overall positive operational efficiency compared to previous levels. In August 2023, the value stabilized at 5.53%. The subsequent months show increased volatility: in late November 2023, it rose again to 7.30% and then to 9.07% in late November 2023, signaling a revival of operational performance.
However, from early 2024 onward, the metric demonstrates a downward trend, with the Operating ROA falling to 9.39% in late February 2024, then slightly decreasing to 9.31% in late February. A notable decline ensues in mid-2024, where the ratio drops to 4.92% in late May, and continues to decline sharply to near-zero and negative territory—0.10% in late May and -0.73% in late August 2024. The negative figures from late 2024 onward, specifically -1.07% and -0.73%, indicate periods of significant operational inefficiency or losses relative to assets.
By the beginning of 2025, some recovery is observed with the ROA rising to 2.48% in late February and then to 6.17% in late May. Overall, the data depict a company that experienced periods of strong operating efficiency through late 2022 and 2023, prior to a sharp decline and negative performance indicators starting in mid-2024, culminating in challenges to operational profitability and asset utilization in the recent period.
Peer comparison
May 31, 2025