JM Smucker Company (SJM)
Return on assets (ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 744,000 | -91,300 | 631,700 | 876,300 | 779,500 |
| Total assets | US$ in thousands | 20,273,700 | 14,991,400 | 16,055,000 | 16,284,200 | 16,970,400 |
| ROA | 3.67% | -0.61% | 3.93% | 5.38% | 4.59% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $744,000K ÷ $20,273,700K
= 3.67%
The return on assets (ROA) for JM Smucker Company has shown variability over the past five years. In April 2024, the ROA was 3.67%, representing a positive performance in generating profit from its assets. This indicates that the company generated approximately $3.67 in profit for every $100 of assets it owns.
However, in April 2023, the ROA was negative at -0.61%, indicating that the company experienced a loss relative to its asset base. This suggests that the company's asset utilization and profitability were not optimal during that period.
In April 2022, the ROA improved to 3.93%, showing a positive trend in generating earnings from its assets. The company was able to increase its profitability compared to the previous year.
The highest ROA in the provided data was in April 2021 at 5.38%, indicating strong profitability relative to its asset base. This suggests that the company efficiently utilized its assets to generate earnings during that period.
In April 2020, the ROA was 4.59%, showing a slightly lower but still healthy return on assets. Overall, JM Smucker Company has demonstrated varying levels of profitability in relation to its asset base over the past five years, with some fluctuations in performance.