JM Smucker Company (SJM)
Return on assets (ROA)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,230,800 | -256,700 | 526,000 | 745,400 | 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 |
| Total assets | US$ in thousands | 17,563,300 | 18,425,600 | 20,020,100 | 20,348,200 | 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 |
| ROA | -7.01% | -1.39% | 2.63% | 3.66% | 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% |
April 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,230,800K ÷ $17,563,300K
= -7.01%
The analysis of JM Smucker Company's return on assets (ROA) over the period from July 31, 2020, to April 30, 2025, reveals notable fluctuations and trends. Initially, the ROA exhibited a modest but consistent increase, rising from 5.10% as of July 31, 2020, to a peak of 5.82% by January 31, 2021. During the subsequent quarters, the ROA demonstrated some volatility but generally maintained a level above 3.5%, reflecting moderate profitability relative to total assets.
From July 31, 2021, onward, there was a discernible downward trend, with the ROA declining to approximately 3.53% as of October 31, 2022. This decrease underscores a reduction in asset efficiency or profitability generated from the company's assets within this period. The decline accelerated by the beginning of 2023, with the ROA falling to 4.44% in January 2023, and then turning negative at -0.61% by April 30, 2023, indicating a period where the company's net income relative to its assets moved into negative territory.
Throughout 2023, the ROA remained negative, reaching -0.12% in July 2023 and -0.08% in October 2023, suggesting ongoing challenges in generating returns from assets. The negative trajectory persisted into early 2024 withROA figures of -0.50%, but there was a partial recovery by April 2024, when the ROA improved significantly to 3.67%, and further stabilized around 3.66% by July 31, 2024. However, the ROA declined again to 2.63% by October 31, 2024, indicating a deterioration in asset efficiency.
The subsequent quarters show continued instability, with the ROA turning sharply negative again, reaching -1.39% in January 2025 and deepening to -7.01% by April 2025. This trend reflects significant challenges in profitability and asset utilization, likely driven by internal or external factors affecting operational performance.
Overall, the historical data depicts a company that experienced initial stable profitability, followed by a period of decline and volatility, culminating in negative returns on assets in recent periods—signaling potential financial and operational stresses that require further context and analysis for comprehensive understanding.