ConAgra Foods Inc (CAG)

Return on assets (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
Net income (ttm)	US$ in thousands	347,200	952,000	985,100	1,080,800	683,600	805,000	681,700	575,300	888,200	1,038,800	1,101,800	1,205,200	1,298,800	1,190,700	1,113,700	995,300	840,100	765,200	802,800	673,900
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
ROA		1.66%	4.34%	4.45%	4.83%	3.10%	3.59%	3.04%	2.59%	3.96%	4.62%	4.88%	5.35%	5.85%	5.39%	5.00%	4.45%	3.77%	3.45%	3.57%	3.01%

May 26, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $347,200K ÷ $20,862,300K
= 1.66%

ConAgra Foods Inc's return on assets (ROA) fluctuated over the past two years, ranging from 1.66% to 5.85%. The ROA peaked in August 2021 at 5.85% and hit a low of 1.66% in May 2024. Generally, a higher ROA indicates more efficient utilization of assets to generate profits. ConAgra's ROA has shown a downward trend since reaching its peak in 2021, potentially signaling challenges in asset efficiency or profitability. Further analysis of the company's asset management and profit generation strategies is recommended to understand the factors influencing the fluctuating ROA.