Flowers Foods Inc (FLO)

Return on assets (ROA)

		Dec 31, 2023	Oct 7, 2023	Jul 15, 2023	Apr 22, 2023	Dec 31, 2022	Oct 8, 2022	Apr 23, 2022	Dec 31, 2021	Oct 9, 2021	Jul 17, 2021	Apr 24, 2021	Dec 31, 2020	Sep 30, 2020	Jul 11, 2020	Apr 18, 2020	Dec 31, 2019	Oct 5, 2019	Jul 13, 2019	Apr 20, 2019	Dec 31, 2018
Net income (ttm)	US$ in thousands	123,416	136,337	223,595	245,424	214,036	204,291	220,121	206,187	222,689	228,184	229,745	152,318	98,713	97,724	92,900	164,538	183,160	179,432	171,779	157,160
Total assets	US$ in thousands	3,426,950	3,434,640	3,505,840	3,481,870	3,312,990	3,343,310	3,332,340	3,253,310	3,323,400	3,325,930	3,272,020	3,323,020	3,385,470	3,398,790	3,413,070	3,177,780	3,209,430	3,219,790	3,239,330	2,845,540
ROA		3.60%	3.97%	6.38%	7.05%	6.46%	6.11%	6.61%	6.34%	6.70%	6.86%	7.02%	4.58%	2.92%	2.88%	2.72%	5.18%	5.71%	5.57%	5.30%	5.52%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $123,416K ÷ $3,426,950K
= 3.60%

Flowers Foods Inc's return on assets (ROA) has shown fluctuations over the past five years. The ROA ranged between 2.72% to 7.05%, indicating variability in the company's ability to generate profits from its assets. The highest ROA was recorded in July 2023 at 7.05%, suggesting efficient asset utilization to generate earnings. However, this was followed by a decrease to 3.60% by the end of December 2023, indicating a potential decline in profitability relative to the company's asset base. It is important for investors and stakeholders to closely monitor the trend in ROA to assess the company's operational efficiency and profitability.