Kellanova (K)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 951,000 | 960,000 | 1,488,000 | 1,251,000 | 960,000 |
| Total assets | US$ in thousands | 15,621,000 | 18,496,000 | 18,178,000 | 17,996,000 | 17,564,000 |
| ROA | 6.09% | 5.19% | 8.19% | 6.95% | 5.47% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $951,000K ÷ $15,621,000K
= 6.09%
Kellanova's return on assets (ROA) has shown a fluctuating trend over the past five years. In 2023, the ROA increased to 6.09%, up from 5.19% in 2022. This improvement indicates that the company generated $6.09 in profit for every $100 of assets it owns in 2023.
Compared to the previous years, the ROA was at its highest in 2021 at 8.19%, demonstrating a strong performance in utilizing its assets to generate profits. The ROA then decreased to 6.95% in 2020, showing a slight decline but still indicating efficient asset management.
In 2019, Kellanova had an ROA of 5.47%, lower than the following years but still reflecting a reasonable return on its assets. Overall, the variability in Kellanova's ROA suggests fluctuations in the company's efficiency in generating profits from its assets over the analyzed period.
Peer comparison
Dec 31, 2023