Kenvue Inc. (KVUE)

Return on assets (ROA)

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023
Net income (ttm) US$ in thousands 1,664,000
Total assets US$ in thousands 27,851,000 27,077,000 27,542,000 35,595,000
ROA 5.97%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,664,000K ÷ $27,851,000K
= 5.97%

Kenvue Inc.'s return on assets (ROA) for the period ending December 31, 2023, was 5.97%. ROA is a key financial ratio that indicates how efficiently a company is generating profits from its assets. A higher ROA suggests that the company is utilizing its assets effectively to generate earnings.

The 5.97% ROA indicates that for every dollar of assets, Kenvue Inc. generated a profit of approximately $0.0597. This implies that the company is performing well in terms of generating profits relative to its asset base. It is important to note that ROA can be influenced by factors such as asset turnover and net income margins.

Overall, with a ROA of 5.97%, Kenvue Inc. appears to be effectively utilizing its assets to generate profits, which is a positive indicator of the company's financial health and operational efficiency.


Peer comparison

Dec 31, 2023