JM Smucker Company (SJM)
Return on assets (ROA)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 744,000 | -101,800 | -13,700 | -17,500 | -91,300 | 711,500 | 572,700 | 587,600 | 631,700 | 576,600 | 768,400 | 793,200 | 876,300 | 955,600 | 881,500 | 861,900 | 779,500 | 624,700 | 558,700 | 536,000 |
| Total assets | US$ in thousands | 20,273,700 | 20,247,200 | 18,123,700 | 14,711,800 | 14,991,400 | 16,017,500 | 16,219,300 | 16,276,700 | 16,055,000 | 15,966,400 | 16,240,800 | 16,211,700 | 16,284,200 | 16,429,400 | 16,929,700 | 16,902,300 | 16,970,400 | 16,636,200 | 16,791,000 | 16,791,600 |
| ROA | 3.67% | -0.50% | -0.08% | -0.12% | -0.61% | 4.44% | 3.53% | 3.61% | 3.93% | 3.61% | 4.73% | 4.89% | 5.38% | 5.82% | 5.21% | 5.10% | 4.59% | 3.76% | 3.33% | 3.19% |
April 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $744,000K ÷ $20,273,700K
= 3.67%
Over the past several quarters, JM Smucker Company's return on assets (ROA) has shown some variability. In the latest period, as of April 30, 2024, the ROA stands at 3.67%, indicating that the company generated $0.0367 in net income for every dollar of assets it owns. This represents a positive trend compared to the previous quarter, where the ROA was negative at -0.50%.
Looking at the trend over the past few years, the company's ROA has generally been positive, with occasional dips into negative territory. The highest ROA was observed in the third quarter of fiscal year 2021, at 5.82%, indicating strong profitability relative to the assets employed.
Overall, JM Smucker Company's ROA performance suggests that the company has been effectively utilizing its assets to generate profits, although there have been periods of lower efficiency. Investors and stakeholders should continue to monitor the company's ROA to assess its ongoing operational and financial performance.