ConAgra Foods Inc (CAG)
Return on assets (ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 347,200 | 347,200 | 683,600 | 683,600 | 888,200 |
| Total assets | US$ in thousands | 20,862,300 | 20,862,300 | 22,052,600 | 22,052,600 | 22,435,100 |
| ROA | 1.66% | 1.66% | 3.10% | 3.10% | 3.96% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $347,200K ÷ $20,862,300K
= 1.66%
ConAgra Foods Inc's return on assets (ROA) has exhibited a declining trend over the reported periods. As of May 31, 2022, the ROA stood at 3.96%, indicating that the company generated $0.0396 in net income for every dollar of assets. However, by May 26, 2024, the ROA had decreased to 1.66%, suggesting a decline in the company's ability to utilize its assets efficiently to generate profits. This downward trajectory in ROA could indicate potential inefficiencies in asset management or a decrease in profit generation relative to the total assets employed by ConAgra Foods Inc. Further analysis of the company's financial performance and operational strategies may be warranted to address these decreasing ROA figures.
Peer comparison
May 31, 2024