Kroger Company (KR)
Return on assets (ROA)
| Feb 3, 2024 | Jan 28, 2023 | Jan 29, 2022 | Jan 30, 2021 | Feb 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,164,000 | 2,244,000 | 1,655,000 | 2,585,000 | 1,659,000 |
| Total assets | US$ in thousands | 50,505,000 | 49,623,000 | 49,086,000 | 48,662,000 | 45,256,000 |
| ROA | 4.28% | 4.52% | 3.37% | 5.31% | 3.67% |
February 3, 2024 calculation
ROA = Net income ÷ Total assets
= $2,164,000K ÷ $50,505,000K
= 4.28%
Based on the data provided, Kroger Company's return on assets (ROA) has fluctuated over the past five years. In 2024, the ROA stood at 4.28%, showing a slight decrease from the previous year's 4.52%. Despite this decrease, the company's ROA remained relatively stable and above the 4% mark.
Comparing the current ROA to earlier years, Kroger's performance was weaker in 2022 with an ROA of 3.37%, but it rebounded in 2021 with an ROA of 5.31%. The company also saw a similar trend in 2020 with an ROA of 3.67%.
Overall, Kroger's ROA indicates that the company is generating a positive return on its assets, although there have been fluctuations in performance over the years. It is important for investors and stakeholders to monitor these changes to assess the company's efficiency in utilizing its assets to generate profits.
Peer comparison
Feb 3, 2024