Kraft Heinz Co (KHC)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,855,000 | 2,363,000 | 1,012,000 | 356,000 | 1,935,000 |
| Total assets | US$ in thousands | 90,339,000 | 90,513,000 | 93,394,000 | 99,830,000 | 101,450,000 |
| ROA | 3.16% | 2.61% | 1.08% | 0.36% | 1.91% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,855,000K ÷ $90,339,000K
= 3.16%
Kraft Heinz Co's return on assets (ROA) has shown a positive trend over the past five years. The company's ROA has steadily increased from 1.91% in 2019 to 3.16% in 2023. This indicates that Kraft Heinz Co has been able to generate higher levels of profit relative to its total assets over the years.
The improvement in ROA can be attributed to effective management of the company's assets to generate profits. It suggests that Kraft Heinz Co has been utilizing its assets efficiently to generate earnings. The increase in ROA reflects positively on the company's operational performance and overall financial health.
Overall, the rising trend in Kraft Heinz Co's ROA indicates an improvement in the company's profitability and efficiency in utilizing its assets to generate returns for its shareholders.
Peer comparison
Dec 31, 2023