Kellanova (K)
Return on assets (ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 951,000 | 825,000 | 865,000 | 836,000 | 960,000 | 1,492,000 | 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 | 960,000 | 731,000 | 864,000 | 1,174,000 |
| Total assets | US$ in thousands | 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 | 17,564,000 | 17,499,000 | 18,669,000 | 18,465,000 |
| ROA | 6.09% | 4.41% | 4.78% | 4.49% | 5.19% | 7.85% | 7.86% | 8.28% | 8.19% | 6.85% | 7.14% | 7.04% | 6.95% | 6.29% | 5.88% | 5.62% | 5.47% | 4.18% | 4.63% | 6.36% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $951,000K ÷ $15,621,000K
= 6.09%
Kellanova's return on assets (ROA) has fluctuated over the past few quarters. In the most recent quarter, ending December 31, 2023, the ROA was 6.09%, representing a slight increase compared to the previous quarter. Despite this improvement, the ROA remains below the levels seen in the first half of 2022, where it peaked at around 8%.
Overall, Kellanova's ROA has shown variability, indicating fluctuations in the company's profitability relative to its total assets. It is essential to further investigate the factors influencing these fluctuations to assess the company's operational efficiency and asset utilization. Keep in mind that ROA is a key indicator of how well a company is utilizing its assets to generate profits and may warrant deeper analysis in conjunction with other financial ratios to gain a more comprehensive understanding of Kellanova's financial performance.
Peer comparison
Dec 31, 2023