Fresh Del Monte Produce Inc (FDP)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -11,400 | 98,600 | 80,000 | 49,200 | 66,500 |
| Total assets | US$ in thousands | 3,184,100 | 3,458,900 | 3,398,100 | 3,263,300 | 3,349,900 |
| ROA | -0.36% | 2.85% | 2.35% | 1.51% | 1.99% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $-11,400K ÷ $3,184,100K
= -0.36%
Fresh Del Monte Produce Inc's return on assets (ROA) has shown fluctuations over the past five years, ranging from -0.36% in 2023 to a peak of 2.85% in 2022. The negative ROA in 2023 indicates that the company generated a net loss in relation to its total assets. This could be a concern for investors and stakeholders as it implies inefficiency in asset utilization.
In 2022, Fresh Del Monte Produce Inc achieved a relatively high ROA of 2.85%, indicating that the company was able to generate a profit relative to its total assets. This could signify strong operational efficiency and effective asset management during that period.
Overall, it is essential for the company to focus on improving its ROA consistently to demonstrate sustainable profitability and efficient use of resources to create value for its shareholders.
Peer comparison
Dec 31, 2023