Kontoor Brands Inc (KTB)

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
Net income (ttm)	US$ in thousands	230,994	213,828	205,380	230,979	245,493	237,798	250,128	211,770	195,423	194,625	191,997	135,098	67,923	53,564	7,281	78,529
Total assets	US$ in thousands	1,645,440	1,625,930	1,608,320	1,643,570	1,582,260	1,653,010	1,543,150	1,589,050	1,533,020	1,613,180	1,517,840	1,519,680	1,545,820	1,668,720	1,572,770	1,901,800	1,517,160	1,585,760	1,588,200
ROA		14.04%	13.15%	12.77%	14.05%	15.52%	14.39%	16.21%	13.33%	12.75%	12.06%	12.65%	8.89%	4.39%	3.21%	0.46%	4.13%

December 31, 2023 calculation

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

The return on assets (ROA) of Kontoor Brands Inc has exhibited some fluctuations over the past few quarters. In the most recent period ending December 31, 2023, the ROA was 14.04%, showing a slight increase from the previous quarter. This indicates that the company generated a profit of 14.04% for each dollar of assets it owns.

Looking back over the last couple of years, the ROA has generally been above 10%, suggesting that Kontoor Brands Inc has been effectively utilizing its assets to generate profits. The ROA peaked at 16.21% in the quarter ending June 30, 2022, indicating a strong performance in efficiently utilizing its assets at that time.

However, there have been some periods where the ROA dipped significantly, such as in the quarters ending March 31, 2021, and December 31, 2020, where the ROA was below 5%. During these periods, the company may have faced challenges in generating profits relative to its asset base.

Overall, the trend in ROA for Kontoor Brands Inc reflects a mix of strong and weaker performance in utilizing its assets to generate profits, with the most recent data indicating a relatively healthy return on assets. Continued monitoring of the company's ROA will be important to assess its ability to efficiently generate profits from its asset base in the future.