Kellanova (K)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,873,000 | 1,416,000 | 1,374,000 | 1,298,000 | 1,251,000 | 1,512,000 | 1,466,000 | 1,464,000 | 1,635,000 | 1,629,000 | 1,708,000 | 1,797,000 | 1,752,000 | 1,808,000 | 1,772,000 | 1,774,000 | 1,761,000 | 1,736,000 | 1,588,000 | 1,479,000 |
| Total assets | US$ in thousands | 15,628,000 | 15,763,000 | 15,299,000 | 15,315,000 | 15,621,000 | 18,695,000 | 18,101,000 | 18,630,000 | 18,496,000 | 19,016,000 | 18,937,000 | 18,612,000 | 18,178,000 | 18,407,000 | 18,213,000 | 18,064,000 | 17,996,000 | 18,922,000 | 18,551,000 | 18,240,000 |
| Operating ROA | 11.98% | 8.98% | 8.98% | 8.48% | 8.01% | 8.09% | 8.10% | 7.86% | 8.84% | 8.57% | 9.02% | 9.66% | 9.64% | 9.82% | 9.73% | 9.82% | 9.79% | 9.17% | 8.56% | 8.11% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,873,000K ÷ $15,628,000K
= 11.98%
The operating return on assets (operating ROA) of Kellanova has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The operating ROA started at 8.11% on March 31, 2020, and gradually increased to 9.82% by March 31, 2021, indicating improving operational efficiency and profitability relative to the assets employed.
However, there was a slight decline in operating ROA in the subsequent quarters, dipping to 8.57% on September 30, 2022, before rebounding to 11.98% on December 31, 2024. This substantial increase in operating ROA at the end of 2024 suggests a significant improvement in the company's profitability and operational performance.
Overall, the trend of Kellanova's operating ROA indicates fluctuations but with a general upward trajectory, highlighting the company's ability to generate higher returns from its assets over the observed period. It is essential for stakeholders to monitor this ratio continuously to assess the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024