Kontoor Brands Inc (KTB)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	230,994	245,493	195,423	67,923	96,654
Total assets	US$ in thousands	1,645,440	1,582,260	1,533,020	1,545,820	1,517,160
ROA		14.04%	15.52%	12.75%	4.39%	6.37%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $230,994K ÷ $1,645,440K
= 14.04%

The return on assets (ROA) of Kontoor Brands Inc has exhibited fluctuating trends over the past five years. In 2023, the ROA was 14.04%, slightly lower than the 15.52% recorded in 2022. Despite this decrease, the ROA remains relatively strong compared to previous years. In 2021, the ROA was 12.75%, demonstrating a positive trend from the lower figures of 4.39% in 2020 and 6.37% in 2019.

The improvement in ROA from 2020 to 2021 indicates that the company was able to generate more profit from its assets in the following year. The significant increase in 2022 further underscores this positive trend. However, the slight decline in 2023 may warrant further examination to understand the factors contributing to this change.

Overall, the ROA performance of Kontoor Brands Inc reflects varying levels of efficiency in generating profits from its total assets over the past five years. The company's ability to maintain relatively high ROA figures suggests effective asset management and profitability, although monitoring future trends will be essential to assess the company's ongoing financial health.