Kraft Heinz Co (KHC)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 4,572,000 | 4,498,000 | 4,596,000 | 3,762,000 | 3,634,000 | 2,388,000 | 2,793,000 | 3,486,000 | 3,460,000 | 5,030,000 | 5,021,000 | 2,447,000 | 2,128,000 | 1,172,000 | 1,205,000 | 3,278,000 | 3,070,000 | -11,660,000 | -11,766,000 | -11,143,000 |
| Total assets | US$ in thousands | 90,339,000 | 89,656,000 | 90,956,000 | 90,943,000 | 90,513,000 | 89,992,000 | 91,676,000 | 93,864,000 | 93,394,000 | 94,897,000 | 97,038,000 | 98,664,000 | 99,830,000 | 98,122,000 | 98,306,000 | 104,073,000 | 101,450,000 | 102,822,000 | 103,201,000 | 103,562,000 |
| Operating ROA | 5.06% | 5.02% | 5.05% | 4.14% | 4.01% | 2.65% | 3.05% | 3.71% | 3.70% | 5.30% | 5.17% | 2.48% | 2.13% | 1.19% | 1.23% | 3.15% | 3.03% | -11.34% | -11.40% | -10.76% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $4,572,000K ÷ $90,339,000K
= 5.06%
Operating return on assets (operating ROA) is a key financial ratio that measures a company's ability to generate operating income from its assets. For Kraft Heinz Co, the operating ROA has shown fluctuations over the past several quarters.
In the most recent quarter, Dec 31, 2023, Kraft Heinz Co had an operating ROA of 5.06%, indicating that the company generated 5.06 cents of operating income for every dollar of assets. This represents an improvement from the previous quarter's operating ROA of 5.02%.
Looking back over the past year, the operating ROA has generally been on an upward trend, with the exception of a slight dip in Mar 31, 2023. However, compared to the same quarter of the previous year, Dec 31, 2022, there has been a noticeable increase in the operating ROA, reflecting improved efficiency in generating operating income from assets.
It is important to note the significant negative values in the operating ROA for the quarters ending Mar 31, 2019, and Dec 31, 2019. These periods indicate that Kraft Heinz Co faced challenges in generating operating income relative to its asset base during those times.
Overall, the analysis of Kraft Heinz Co's operating ROA suggests that the company has made progress in enhancing its operational efficiency and profitability in recent quarters, with the most recent quarter showing a healthy operating ROA of 5.06%.
Peer comparison
Dec 31, 2023