McCormick & Company Incorporated (MKC)
Return on assets (ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 707,500 | 680,600 | 647,000 | 699,800 | 666,200 | 682,000 | 693,700 | 683,200 | 748,400 | 755,300 | 758,600 | 752,300 | 764,500 | 747,400 | 760,100 | 745,900 | 699,400 | 702,700 | 703,300 | 684,900 |
| Total assets | US$ in thousands | 12,890,100 | 12,862,300 | 12,990,100 | 12,908,200 | 13,205,400 | 13,124,900 | 12,941,000 | 12,957,900 | 12,940,800 | 12,905,800 | 12,884,400 | 12,810,500 | 12,685,100 | 12,089,700 | 10,860,700 | 10,576,100 | 10,491,700 | 10,362,100 | 10,366,000 | 10,236,700 |
| ROA | 5.49% | 5.29% | 4.98% | 5.42% | 5.04% | 5.20% | 5.36% | 5.27% | 5.78% | 5.85% | 5.89% | 5.87% | 6.03% | 6.18% | 7.00% | 7.05% | 6.67% | 6.78% | 6.78% | 6.69% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $707,500K ÷ $12,890,100K
= 5.49%
The return on assets (ROA) for McCormick & Company Incorporated has varied over the periods provided. ROA measures the company's ability to generate profit from its assets. From Feb 29, 2024, to Nov 30, 2019, the ROA has ranged from 4.98% to 7.05%.
The highest ROA was observed at 7.05% on Nov 30, 2019, while the lowest was at 4.98% on Aug 31, 2023. Overall, the ROA has generally been around the 5-6% range, indicating that McCormick & Company has been able to generate a moderate level of profit relative to its assets.
It is important to continue monitoring the ROA trend to assess the company's efficiency in generating profits from its assets. When interpreting the ROA, it is crucial to consider industry benchmarks and trends over time to evaluate performance effectively.