Kenvue Inc. (KVUE)

Return on assets (ROA)

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023
Net income (ttm) US$ in thousands 1,030,000 1,064,000 1,119,000 1,491,000 1,664,000
Total assets US$ in thousands 25,601,000 26,925,000 26,443,000 27,283,000 27,851,000
ROA 4.02% 3.95% 4.23% 5.46% 5.97%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,030,000K ÷ $25,601,000K
= 4.02%

The return on assets (ROA) of Kenvue Inc. has been relatively stable over the past year. It was 5.97% as of December 31, 2023, which decreased slightly to 5.46% by March 31, 2024. Subsequently, there was a more notable decline to 4.23% by June 30, 2024, and a further decrease to 3.95% by September 30, 2024. However, by the end of the year on December 31, 2024, the ROA improved slightly to 4.02%.

The declining trend in ROA could indicate that the company's profitability in generating earnings from its assets has been weakening over the year. It's essential for Kenvue Inc. to assess the factors contributing to this decline and implement strategies to improve its return on assets in order to enhance overall financial performance and efficiency.