Kraft Heinz Co (KHC)
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 | 2,855,000 | 2,988,000 | 3,158,000 | 2,423,000 | 2,363,000 | 1,216,000 | 1,517,000 | 1,225,000 | 1,012,000 | 2,301,000 | 2,165,000 | 541,000 | 356,000 | -494,000 | -192,000 | 1,908,000 | 1,935,000 | -10,815,000 | -11,095,000 | -10,790,000 |
| 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 |
| ROA | 3.16% | 3.33% | 3.47% | 2.66% | 2.61% | 1.35% | 1.65% | 1.31% | 1.08% | 2.42% | 2.23% | 0.55% | 0.36% | -0.50% | -0.20% | 1.83% | 1.91% | -10.52% | -10.75% | -10.42% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,855,000K ÷ $90,339,000K
= 3.16%
The Return on Assets (ROA) for the Kraft Heinz Co has shown fluctuations over the past few quarters. In the most recent quarter of December 31, 2023, the ROA stands at 3.16%, indicating that the company generated 3.16 cents of profit for every dollar of assets it holds. This represents an improvement compared to the previous quarter's ROA of 3.33% and demonstrates the company's ability to generate earnings from its assets.
Looking back at the trend, there was a notable increase in ROA from the end of 2021 to mid-2023, with the highest ROA recorded in June 2023 at 3.47%. However, there was a slight dip in the following quarter, March 2023, to 2.66%, before recovering in the most recent quarter.
Analyzing the historical data, the company faced challenges in terms of ROA in 2020, with negative ROA figures. However, Kraft Heinz Co managed to turn the situation around starting from the first quarter of 2021 and has since shown a positive trend in ROA.
Overall, the recent ROA figures reflect positively on Kraft Heinz Co's ability to efficiently utilize its assets to generate profitability. It is essential for investors and stakeholders to track this metric to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2023