Kroger Company (KR)
Return on assets (ROA)
| Feb 3, 2024 | Nov 4, 2023 | Aug 12, 2023 | May 20, 2023 | Jan 28, 2023 | Nov 5, 2022 | Aug 13, 2022 | May 21, 2022 | Jan 29, 2022 | Nov 6, 2021 | Aug 14, 2021 | May 22, 2021 | Jan 30, 2021 | Nov 7, 2020 | May 23, 2020 | Feb 1, 2020 | Nov 9, 2019 | Aug 17, 2019 | May 25, 2019 | Feb 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,164,000 | 1,879,000 | 1,631,000 | 2,542,000 | 2,244,000 | 2,358,000 | 2,443,000 | 2,179,000 | 1,655,000 | 1,013,000 | 1,161,000 | 1,906,000 | 2,093,000 | 2,433,000 | 2,099,000 | 1,659,000 | 1,591,000 | 1,645,000 | 1,856,000 | 3,110,000 |
| Total assets | US$ in thousands | 50,505,000 | 51,021,000 | 50,202,000 | 50,193,000 | 49,623,000 | 49,987,000 | 48,741,000 | 49,091,000 | 49,086,000 | 49,829,000 | 48,461,000 | 48,811,000 | 48,662,000 | 48,465,000 | 46,942,000 | 45,256,000 | 45,393,000 | 44,462,000 | 44,319,000 | 38,118,000 |
| ROA | 4.28% | 3.68% | 3.25% | 5.06% | 4.52% | 4.72% | 5.01% | 4.44% | 3.37% | 2.03% | 2.40% | 3.90% | 4.30% | 5.02% | 4.47% | 3.67% | 3.50% | 3.70% | 4.19% | 8.16% |
February 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,164,000K ÷ $50,505,000K
= 4.28%
ROA (Return on Assets) is a key financial ratio that indicates how efficiently a company is generating profit from its assets. By analyzing the historical ROA data of Kroger Company, we can observe fluctuations in the company's ability to generate profits relative to its total assets over time.
From the provided data, we can see that Kroger Company's ROA has varied notably across different periods. The ROA figures range from a low of 2.03% in January 2022 to a high of 8.16% in February 2019, indicating fluctuations in the company's profitability efficiency.
Overall, Kroger's ROA has shown some volatility, with periods of stronger performance, such as in February 2019 and May 2020 when the ratios were notably higher, compared to periods of lower performance like in January 2022 and August 2021.
The average ROA over the provided periods appears to be around 4%, with some variability above and below this average. This suggests that Kroger has generally been effective in generating profits from its assets, though performance has not been consistent across all periods.
Investors and analysts may want to further investigate the factors influencing these fluctuations in Kroger's ROA, such as changes in revenue, expenses, asset utilization, or overall market conditions, to gain a more comprehensive understanding of the company's financial performance and efficiency.
Peer comparison
Feb 3, 2024