Calavo Growers Inc (CVGW)
Return on assets (ROA)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -11,543 | -8,344 | -3,753 | -9,079 | -5,275 | -6,250 | -15,889 | -30,170 | -21,138 | -11,818 | 7,364 | 4,709 | -7,410 | -13,625 | -14,641 | 11,598 | 31,221 | 36,646 | 30,105 | 31,852 |
| Total assets | US$ in thousands | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | 430,525 | 468,292 | 468,632 | 445,402 | 459,318 | 474,310 | 446,452 | 429,624 | 437,265 | 475,502 | 471,398 | 390,360 | 413,047 | 409,204 |
| ROA | -2.92% | -2.16% | -0.90% | -2.23% | -1.33% | -1.62% | -3.69% | -6.44% | -4.51% | -2.65% | 1.60% | 0.99% | -1.66% | -3.17% | -3.35% | 2.44% | 6.62% | 9.39% | 7.29% | 7.78% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-11,543K ÷ $394,683K
= -2.92%
The return on assets (ROA) for Calavo Growers Inc has exhibited a mixed performance over the past several quarters. The trend shows significant variability with negative ROA values in most of the recent periods. This indicates that the company's ability to generate profits from its assets has weakened, possibly due to lower profitability or underutilization of assets.
The ROA was notably low in the last reported quarter, indicating challenges in efficient asset management or declining profitability. The previous quarters also reflect a downward trend in ROA, which could be a concerning sign for investors and stakeholders.
In contrast, there were periods in the past where Calavo Growers Inc achieved positive ROA, with particularly strong performance in the first half of 2019. This indicates the company's historical ability to effectively utilize assets to generate profits.
Overall, the recent negative ROA values suggest the company may be facing operational or financial challenges impacting its profitability and asset utilization. Investors and financial analysts may closely monitor future financial reports to assess any improvement in Calavo Growers Inc's ROA performance and underlying operational efficiencies.