Fresh Del Monte Produce Inc (FDP)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 58,600 | 203,200 | 228,800 | 191,000 | 156,300 | 115,900 | 66,200 | 91,200 | 111,100 | 119,400 | 144,700 | 118,500 | 76,600 | 66,000 | 66,500 | 90,600 | 114,100 | 105,200 | 66,800 | 23,400 |
| Total assets | US$ in thousands | 3,184,100 | 3,348,600 | 3,372,500 | 3,443,100 | 3,458,900 | 3,395,500 | 3,395,700 | 3,501,800 | 3,398,100 | 3,387,700 | 3,375,000 | 3,423,400 | 3,263,300 | 3,281,400 | 3,294,200 | 3,396,300 | 3,349,900 | 3,345,100 | 3,418,600 | 3,511,400 |
| Operating ROA | 1.84% | 6.07% | 6.78% | 5.55% | 4.52% | 3.41% | 1.95% | 2.60% | 3.27% | 3.52% | 4.29% | 3.46% | 2.35% | 2.01% | 2.02% | 2.67% | 3.41% | 3.14% | 1.95% | 0.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $58,600K ÷ $3,184,100K
= 1.84%
Fresh Del Monte Produce Inc's operating return on assets (ROA) has exhibited some volatility over the past few years, ranging from a low of 0.67% in the first quarter of 2019 to a high of 6.78% in the second quarter of 2023. The operating ROA indicates the company's ability to generate profits from its assets used in operations.
The upward trend in operating ROA from 2020 to mid-2023 indicates that Fresh Del Monte Produce Inc has been able to improve its operational efficiency and profitability relative to its asset base. This trend suggests that the company has been able to better utilize its assets to generate earnings.
However, the fluctuation in operating ROA over the quarters may also indicate some variability in the company's operational performance or changes in its asset base and capital structure. It is essential for investors and stakeholders to monitor these ratios consistently to assess the company's financial health and operational effectiveness.
Overall, the recent improvement in operating ROA for Fresh Del Monte Produce Inc is a positive sign, but further analysis and monitoring are required to understand the sustainability of this performance and identify any underlying factors driving these changes.
Peer comparison
Dec 31, 2023