Kenvue Inc. (KVUE)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,512,000 | |||
| Total assets | US$ in thousands | 27,851,000 | 27,077,000 | 27,542,000 | 35,595,000 |
| Operating ROA | 9.02% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,512,000K ÷ $27,851,000K
= 9.02%
Kenvue Inc. reported an operating return on assets (ROA) of 9.02% as of December 31, 2023. Operating ROA is a key financial ratio that measures a company's ability to generate operating income relative to its total assets. A higher operating ROA indicates that the company is more efficient in utilizing its assets to generate profits.
Consistency in maintaining a relatively stable operating ROA over multiple quarters suggests that Kenvue Inc. has been effectively managing its assets to generate consistent operating income. This can be seen as a positive sign of operational efficiency and financial stability within the company.
However, further analysis of the trend in operating ROA over time and comparison with industry benchmarks would provide a more comprehensive understanding of Kenvue Inc.'s financial performance and competitiveness in the market.
Peer comparison
Dec 31, 2023