Kellanova (K)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,343,000 | 1,005,000 | 907,000 | 920,000 | 951,000 | 826,000 | 867,000 | 836,000 | 960,000 | 1,491,000 | 1,488,000 | 1,542,000 | 1,488,000 | 1,260,000 | 1,301,000 | 1,272,000 | 1,251,000 | 1,191,000 | 1,090,000 | 1,025,000 |
| 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 |
| ROA | 8.59% | 6.38% | 5.93% | 6.01% | 6.09% | 4.42% | 4.79% | 4.49% | 5.19% | 7.84% | 7.86% | 8.28% | 8.19% | 6.85% | 7.14% | 7.04% | 6.95% | 6.29% | 5.88% | 5.62% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,343,000K ÷ $15,628,000K
= 8.59%
The return on assets (ROA) of Kellanova has exhibited fluctuations over the past few years based on the provided data.
The trend shows an increase in ROA from March 31, 2020, to December 31, 2021, reaching a peak of 8.19% by the end of the year 2021. This indicates that Kellanova was able to generate higher profits relative to its total assets during this period.
However, there was a slight decrease in ROA in the following quarters until December 31, 2022, when it dropped to 5.19%. This decline may suggest a decrease in profitability relative to the level of assets employed by the company.
Subsequently, there was a fluctuation in ROA figures over the next few quarters, showing a mix of increases and decreases. The ROA ranged from 4.42% on September 30, 2023, to 8.59% on December 31, 2024.
It is important for Kellanova to analyze the reasons behind these fluctuations in ROA to understand the factors influencing its profitability in relation to its asset base. Further investigation into the company's operational efficiency, asset utilization, and overall financial performance may provide insights to help improve and stabilize its return on assets in the future.
Peer comparison
Dec 31, 2024