ConAgra Foods Inc (CAG)
Return on assets (ROA)
| May 26, 2024 | May 28, 2023 | May 29, 2022 | May 30, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 347,200 | 683,600 | 888,200 | 1,298,800 | 840,100 |
| Total assets | US$ in thousands | 20,862,300 | 22,052,600 | 22,435,100 | 22,195,600 | 22,304,000 |
| ROA | 1.66% | 3.10% | 3.96% | 5.85% | 3.77% |
May 26, 2024 calculation
ROA = Net income ÷ Total assets
= $347,200K ÷ $20,862,300K
= 1.66%
ConAgra Foods Inc's return on assets (ROA) has shown a downward trend over the past five years, decreasing from 5.85% in May 2021 to 1.66% in May 2024. This decline indicates that the company's ability to generate profits from its assets has weakened over time. A lower ROA could suggest inefficiencies in asset utilization or declining profitability relative to the size of the company's asset base.
It is important for ConAgra Foods Inc to closely monitor and address the factors influencing its ROA to improve overall financial performance. This may involve optimizing asset management, increasing operational efficiency, or implementing strategies to enhance profitability. Additionally, comparing the company's ROA with industry benchmarks and peer companies can provide valuable insights into its competitiveness and financial health.
Peer comparison
May 26, 2024