Kellanova (K)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,343,000 | 951,000 | 960,000 | 1,488,000 | 1,251,000 |
| Total assets | US$ in thousands | 15,628,000 | 15,621,000 | 18,496,000 | 18,178,000 | 17,996,000 |
| ROA | 8.59% | 6.09% | 5.19% | 8.19% | 6.95% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,343,000K ÷ $15,628,000K
= 8.59%
The return on assets (ROA) for Kellanova has shown variability over the years. In December 31, 2020, the ROA was 6.95%, which increased to 8.19% by December 31, 2021, indicating improved efficiency in generating profits from its assets. However, the ROA decreased to 5.19% by December 31, 2022, suggesting a decline in profitability relative to its asset base.
The trend reversed in December 31, 2023, with the ROA increasing to 6.09%, showing a slight recovery in asset utilization efficiency. Subsequently, by December 31, 2024, the ROA improved further to 8.59%, indicating enhanced profitability relative to the assets employed.
Overall, the fluctuation in ROA over the years suggests that Kellanova has experienced ups and downs in generating profit from its assets, with recent years showing an upward trend that may indicate improved operational efficiency and profitability.
Peer comparison
Dec 31, 2024