Cal-Maine Foods Inc (CALM)
Operating return on assets (Operating ROA)
| Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 312,452 | 306,489 | 551,485 | 797,119 | 967,726 | 977,200 | 608,987 | 347,054 | 143,537 | -15,188 | -55,251 | -38,707 | -26,263 | 62,855 | 68,560 | 37,516 | 1,269 | -105,243 | -72,265 | -30,366 |
| Total assets | US$ in thousands | 2,184,760 | 2,133,530 | 1,966,800 | 1,900,370 | 1,954,520 | 1,992,480 | 1,763,440 | 1,554,730 | 1,427,490 | 1,282,000 | 1,231,990 | 1,211,730 | 1,229,170 | 1,231,280 | 1,200,360 | 1,167,880 | 1,206,690 | 1,117,030 | 1,111,280 | 1,096,870 |
| Operating ROA | 14.30% | 14.37% | 28.04% | 41.95% | 49.51% | 49.04% | 34.53% | 22.32% | 10.06% | -1.18% | -4.48% | -3.19% | -2.14% | 5.10% | 5.71% | 3.21% | 0.11% | -9.42% | -6.50% | -2.77% |
June 1, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $312,452K ÷ $2,184,760K
= 14.30%
Cal-Maine Foods Inc's operating return on assets (operating ROA) has shown varying trends over the past few quarters. The operating ROA has ranged from a low of -9.42% in Feb 29, 2020, to a high of 49.51% in Jun 3, 2023. This indicates fluctuations in the company's efficiency in generating profits from its assets.
The operating ROA was negative in a few quarters, such as -1.18% in May 28, 2022, and -2.14% in Feb 27, 2021, suggesting that the company's operating profits were insufficient to cover the asset base during those periods. However, there were also strong performances, like in Jun 3, 2023, where the operating ROA reached 49.51%, indicating that the company was highly efficient in utilizing its assets to generate operating profits.
Overall, the trend in the operating ROA for Cal-Maine Foods Inc shows significant volatility, with periods of both strong and weak performance. It would be important to further investigate the factors driving these fluctuations in operating ROA to better understand the company's operational efficiency and financial performance.