Kraft Heinz Co (KHC)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,744,000 | 2,855,000 | 2,363,000 | 1,012,000 | 356,000 |
| Total assets | US$ in thousands | 88,287,000 | 90,339,000 | 90,513,000 | 93,394,000 | 99,830,000 |
| ROA | 3.11% | 3.16% | 2.61% | 1.08% | 0.36% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,744,000K ÷ $88,287,000K
= 3.11%
The return on assets (ROA) for Kraft Heinz Co has shown a positive trend over the years, indicating an improvement in the company's efficiency in generating profits relative to its total assets.
As of December 31, 2020, the ROA stood at 0.36%, indicating that the company generated $0.36 in profit for every $100 of assets it had.
By December 31, 2021, the ROA had increased to 1.08%, reflecting a significant improvement in profitability efficiency. This suggests that the company was able to generate $1.08 in profit for every $100 of assets.
The trend continued to show a positive trajectory in the following years, with the ROA reaching 2.61% by December 31, 2022, 3.16% by December 31, 2023, and then slightly decreasing to 3.11% by December 31, 2024.
Overall, the increasing trend in ROA indicates that Kraft Heinz Co has been effectively utilizing its assets to generate profits, which is a positive indicator of the company's operational efficiency and financial performance over the years.
Peer comparison
Dec 31, 2024