J & J Snack Foods Corp (JJSF)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,551 | 87,331 | 86,013 | 79,555 | 78,906 | 65,795 | 46,377 | 42,777 | 47,235 | 48,800 | 62,130 | 64,920 | 55,607 | 43,316 | 1,776 | 3,024 | 18,305 | 37,788 | 81,307 | 94,352 |
| Total assets | US$ in thousands | 1,365,100 | 1,380,680 | 1,335,610 | 1,292,560 | 1,277,240 | 1,304,100 | 1,224,960 | 1,227,550 | 1,216,970 | 1,291,240 | 1,123,330 | 1,111,910 | 1,122,220 | 1,101,550 | 1,064,920 | 1,051,840 | 1,056,550 | 1,057,290 | 1,077,940 | 1,096,110 |
| ROA | 6.34% | 6.33% | 6.44% | 6.15% | 6.18% | 5.05% | 3.79% | 3.48% | 3.88% | 3.78% | 5.53% | 5.84% | 4.96% | 3.93% | 0.17% | 0.29% | 1.73% | 3.57% | 7.54% | 8.61% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $86,551K ÷ $1,365,100K
= 6.34%
The return on assets (ROA) for J & J Snack Foods Corp has shown fluctuations over the past few years, ranging from 0.17% to 8.61%. The ROA has been gradually increasing from the low of 0.17% in March 2021 to the high of 8.61% in June 2022 before starting to decrease again.
The company experienced a significant improvement in profitability from 2021 to 2022, with ROA increasing from 0.29% in June 2021 to 8.61% in June 2022. However, the ROA has slightly declined in the most recent quarters, ranging between 6.15% to 6.44%.
Overall, J & J Snack Foods Corp has demonstrated a decent ability to generate profits from its assets, but the recent fluctuations in ROA indicate a need for further evaluation of the company's asset management efficiency and profitability strategies.