Fresh Del Monte Produce Inc (FDP)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 142,200 | -11,400 | 98,600 | 80,000 | 49,200 |
| Total assets | US$ in thousands | 3,096,200 | 3,184,100 | 3,458,900 | 3,398,100 | 3,263,300 |
| ROA | 4.59% | -0.36% | 2.85% | 2.35% | 1.51% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $142,200K ÷ $3,096,200K
= 4.59%
Fresh Del Monte Produce Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. In December 31, 2020, the ROA was at 1.51%, indicating that the company generated $1.51 in profit for every $100 of assets it possessed.
By December 31, 2021, the ROA increased to 2.35%, reflecting an improvement in the company's ability to generate profits from its assets. This positive trend continued in December 31, 2022, with the ROA reaching 2.85%, indicating a further increase in profitability relative to its asset base.
However, in December 31, 2023, the ROA experienced a decline, dropping to -0.36%. This negative figure suggests that the company incurred a loss in relation to its assets during that period.
Nonetheless, Fresh Del Monte Produce Inc managed to bounce back strongly by December 31, 2024, achieving an ROA of 4.59%. This substantial increase indicates a significant improvement in the company's profitability and efficiency in utilizing its assets to generate returns.
Overall, while there have been fluctuations in Fresh Del Monte Produce Inc's ROA over the past five years, the general trend shows an improvement in the company's ability to generate profits from its assets, with the most recent data reflecting a strong performance in maximizing asset efficiency and profitability.
Peer comparison
Dec 31, 2024