Lamb Weston Holdings Inc (LW)
Return on assets (ROA)
| May 31, 2024 | May 26, 2024 | May 31, 2023 | May 28, 2023 | May 31, 2022 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 725,500 | 725,500 | 1,008,900 | 1,008,900 | 200,900 |
| Total assets | US$ in thousands | 7,367,000 | 7,367,000 | 6,519,800 | 6,519,800 | 4,139,800 |
| ROA | 9.85% | 9.85% | 15.47% | 15.47% | 4.85% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $725,500K ÷ $7,367,000K
= 9.85%
The return on assets (ROA) of Lamb Weston Holdings Inc has shown varying trends over the past few years. It was 4.85% as of May 31, 2022, which increased significantly to 15.47% by May 28, 2023. This high ROA was maintained at 15.47% until May 31, 2023, indicating efficient utilization of the company's assets to generate profit.
However, there was a noticeable decline in ROA to 9.85% as of May 26, 2024, which was sustained at the same level by May 31, 2024. While the ROA remains positive, indicating that Lamb Weston Holdings Inc continues to generate profit from its assets, the fluctuation in ROA suggests some variability in the company's asset efficiency and profitability over the analyzed period. Further analysis into the factors influencing these fluctuations may provide insights into the company's overall performance and asset management strategies.
Peer comparison
May 31, 2024