Cal-Maine Foods Inc (CALM)
Return on assets (ROA)
| Jun 1, 2024 | Jun 3, 2023 | May 28, 2022 | May 29, 2021 | May 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 277,888 | 758,024 | 132,650 | 2,060 | 18,391 |
| Total assets | US$ in thousands | 2,184,760 | 1,954,520 | 1,427,490 | 1,229,170 | 1,206,690 |
| ROA | 12.72% | 38.78% | 9.29% | 0.17% | 1.52% |
June 1, 2024 calculation
ROA = Net income ÷ Total assets
= $277,888K ÷ $2,184,760K
= 12.72%
Cal-Maine Foods Inc's return on assets (ROA) has shown significant fluctuations over the past five years. In the most recent period ending June 1, 2024, the ROA was 12.72%, indicating that the company generated a profit of approximately 12.72 cents for every dollar of assets it controls. This represents a decline from the previous year's ROA of 38.78%.
The ROA in the fiscal year ending May 28, 2022, was 9.29%, which was higher than that of the fiscal year ending May 30, 2020, where it stood at 1.52%. Notably, in the fiscal year ending May 29, 2021, the ROA was exceptionally low at 0.17%, indicating a period where the company struggled to generate significant profits relative to its asset base.
Overall, the trend of Cal-Maine Foods Inc's ROA suggests that the company's ability to efficiently utilize its assets to generate profits has fluctuated over the past five years, with some years showing much stronger performance than others. Further analysis would be needed to determine the specific factors driving these fluctuations and evaluate the company's overall financial health.