Lamb Weston Holdings Inc (LW)
Operating return on assets (Operating ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,065,300 | 1,065,300 | 882,100 | 882,100 | 444,400 |
| Total assets | US$ in thousands | 7,367,000 | 7,367,000 | 6,519,800 | 6,519,800 | 4,139,800 |
| Operating ROA | 14.46% | 14.46% | 13.53% | 13.53% | 10.73% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,065,300K ÷ $7,367,000K
= 14.46%
Lamb Weston Holdings Inc's operating return on assets (operating ROA) has shown a positive trend over the period from May 31, 2022, to May 31, 2024. The company's operating ROA increased from 10.73% in May 31, 2022, to 14.46% in May 31, 2024. This indicates that the company is effectively utilizing its assets to generate operating income. The consistent improvement in operating ROA suggests that Lamb Weston Holdings Inc is efficiently managing its operations and delivering stronger financial performance over time.
Peer comparison
May 31, 2024
Company name
Symbol
Operating ROA
Lamb Weston Holdings Inc
LW
14.46%
Kraft Heinz Co
KHC
1.91%
Lancaster Colony Corporation
LANC
16.52%
Treehouse Foods Inc
THS
2.59%