Treehouse Foods Inc (THS)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 53,100 | -146,300 | -12,500 | 13,800 | -361,000 |
| Total assets | US$ in thousands | 4,106,600 | 4,253,900 | 5,207,800 | 5,485,700 | 5,139,400 |
| ROA | 1.29% | -3.44% | -0.24% | 0.25% | -7.02% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $53,100K ÷ $4,106,600K
= 1.29%
Treehouse Foods Inc's return on assets (ROA) has exhibited a fluctuating trend over the past five years. In 2023, the ROA improved to 1.29% from the previous year's -3.44%, indicating a positive turnaround in the company's asset utilization efficiency. The ROA was negative in 2022 and 2019, suggesting that the company experienced challenges in generating profits from its assets during those periods.
Overall, the ROA performance of Treehouse Foods Inc reflects inconsistency and variability in effectively utilizing its assets to generate profits. It is crucial for the company to focus on improving its operational efficiency and profitability to sustain positive ROA figures in the future.
Peer comparison
Dec 31, 2023