Hershey Co (HSY)
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 | 1,861,787 | 1,909,041 | 1,789,951 | 1,698,524 | 1,644,817 | 1,584,077 | 1,629,517 | 1,615,191 | 1,477,512 | 1,433,343 | 1,435,699 | 1,403,370 | 1,278,708 | 1,194,508 | 1,072,532 | 1,116,471 | 1,149,692 | 1,279,296 | 1,217,702 | 1,131,717 |
| Total assets | US$ in thousands | 11,902,900 | 11,935,700 | 11,525,700 | 11,111,500 | 10,948,800 | 10,832,900 | 10,588,900 | 10,645,000 | 10,412,200 | 9,439,180 | 8,883,860 | 9,038,130 | 9,131,840 | 9,255,030 | 8,911,070 | 8,855,440 | 8,140,400 | 8,464,260 | 7,793,560 | 7,857,380 |
| ROA | 15.64% | 15.99% | 15.53% | 15.29% | 15.02% | 14.62% | 15.39% | 15.17% | 14.19% | 15.19% | 16.16% | 15.53% | 14.00% | 12.91% | 12.04% | 12.61% | 14.12% | 15.11% | 15.62% | 14.40% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,861,787K ÷ $11,902,900K
= 15.64%
Hershey Company's Return on Assets (ROA) has been consistently strong over the past eight quarters, ranging from 14.62% to 15.99%. ROA measures the company's efficiency in generating profits from its assets. The upward trend in ROA from Q4 2022 to Q3 2023 indicates that Hershey has been effectively utilizing its assets to generate earnings. The company's ROA average of 15.32% over this period suggests that Hershey is efficiently leveraging its resources to generate profits for its shareholders. Overall, Hershey's ROA performance reflects a solid financial position and effective asset management.
Peer comparison
Dec 31, 2023
Company name
Symbol
ROA
Hershey Co
HSY
15.64%
John B Sanfilippo & Son Inc
JBSS
11.69%
Tootsie Roll Industries Inc
TR
8.48%