McCormick & Company Incorporated (MKC)
Return on assets (ROA)
| Nov 30, 2024 | Nov 30, 2023 | Nov 30, 2022 | Nov 30, 2021 | Nov 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 788,500 | 680,600 | 682,000 | 755,300 | 747,400 |
| Total assets | US$ in thousands | 13,070,300 | 12,862,300 | 13,124,900 | 12,905,800 | 12,089,700 |
| ROA | 6.03% | 5.29% | 5.20% | 5.85% | 6.18% |
November 30, 2024 calculation
ROA = Net income ÷ Total assets
= $788,500K ÷ $13,070,300K
= 6.03%
The return on assets (ROA) for McCormick & Company Incorporated has shown a slight decrease over the past few years. From November 30, 2020, where the ROA stood at 6.18%, it decreased to 5.85% by November 30, 2021. There was a further decline to 5.20% by November 30, 2022, but the ROA slightly improved to 5.29% by November 30, 2023. The most recent data point available, November 30, 2024, shows an increase in ROA to 6.03%.
Overall, the trend in ROA indicates fluctuations in the company's ability to generate profits from its assets. While the recent increase in ROA is a positive sign, it is important for investors and stakeholders to monitor McCormick & Company's future performance to assess whether this improvement is sustainable.