Fresh Del Monte Produce Inc (FDP)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -11,400 | 113,400 | 138,300 | 111,800 | 98,600 | 69,100 | 37,100 | 63,100 | 80,000 | 92,100 | 108,200 | 78,900 | 49,200 | 22,500 | 23,200 | 43,400 | 66,500 | 58,300 | 18,700 | -27,300 |
| 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 |
| ROA | -0.36% | 3.39% | 4.10% | 3.25% | 2.85% | 2.04% | 1.09% | 1.80% | 2.35% | 2.72% | 3.21% | 2.30% | 1.51% | 0.69% | 0.70% | 1.28% | 1.99% | 1.74% | 0.55% | -0.78% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-11,400K ÷ $3,184,100K
= -0.36%
Fresh Del Monte Produce Inc's return on assets (ROA) has demonstrated fluctuating performance over the past few years. The ROA has varied between negative figures, indicating losses in generating profits from its assets, and positive figures, showing some level of profitability.
In the recent quarter ending December 31, 2023, the ROA was negative at -0.36%, indicating a decrease in efficiency in generating profits from its assets compared to the previous quarter. This could be a concerning trend, and further analysis is recommended to understand the reasons behind the decline.
The highest ROA was observed in the quarter ending June 30, 2023, at 4.10%, indicating solid performance in utilizing its assets to generate profits. However, the ROA has since decreased, signaling potential challenges in maintaining profitability levels.
Overall, Fresh Del Monte Produce Inc's ROA trend suggests the company's efficiency in generating profits from its assets has been inconsistent. Further analysis of the company's operations and financial health is necessary to assess the sustainability of its profitability levels.
Peer comparison
Dec 31, 2023