J & J Snack Foods Corp (JJSF)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 86,551 | 78,906 | 47,235 | 55,607 | 18,305 |
| Total assets | US$ in thousands | 1,365,100 | 1,277,240 | 1,216,970 | 1,122,220 | 1,056,550 |
| ROA | 6.34% | 6.18% | 3.88% | 4.96% | 1.73% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $86,551K ÷ $1,365,100K
= 6.34%
Based on the data provided, J & J Snack Foods Corp's Return on Assets (ROA) has shown a positive trend over the past five years. The ROA increased from 1.73% in 2020 to 6.34% in 2024, indicating an improvement in the company's ability to generate earnings from its assets.
The consistent growth in ROA reflects J & J Snack Foods Corp's enhanced efficiency in utilizing its assets to generate profits. The company has been able to increase its profitability relative to its asset base, which is a positive sign for investors and stakeholders.
Overall, the upward trend in ROA suggests that J & J Snack Foods Corp has been successful in managing its assets effectively and improving its financial performance over the years. Investors may view the company positively based on these improving ROA figures.