Treehouse Foods Inc (THS)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 53,100 | 22,200 | -75,400 | -128,100 | -146,300 | -152,000 | -54,800 | -17,000 | -12,500 | 51,000 | 56,400 | 46,500 | 13,800 | -5,100 | -195,000 | -365,300 | -361,000 | -390,400 | -210,000 | -57,700 |
| Total assets | US$ in thousands | 4,106,600 | 4,318,500 | 4,380,400 | 4,254,000 | 4,253,900 | 5,188,100 | 5,267,400 | 5,228,200 | 5,207,800 | 5,082,300 | 5,081,400 | 5,142,500 | 5,485,700 | 5,385,900 | 5,242,000 | 5,271,000 | 5,139,400 | 5,261,200 | 5,592,900 | 5,765,000 |
| ROA | 1.29% | 0.51% | -1.72% | -3.01% | -3.44% | -2.93% | -1.04% | -0.33% | -0.24% | 1.00% | 1.11% | 0.90% | 0.25% | -0.09% | -3.72% | -6.93% | -7.02% | -7.42% | -3.75% | -1.00% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $53,100K ÷ $4,106,600K
= 1.29%
Treehouse Foods Inc's return on assets (ROA) has shown significant fluctuations over the past eight quarters. In Q4 2023, the ROA was 1.29%, indicating a positive return on the company's assets. This was an improvement compared to the previous quarter, where the ROA was 0.51%. However, looking back further, the ROA had experienced negative returns in Q2 2023 (-1.72%) and Q1 2023 (-3.01%).
The ROA in the most recent quarter of Q4 2023 suggests that the company is generating a modest return on its assets. It is important to note the downward trend in the ROA from Q3 2022 to Q1 2023, where the company saw consecutive negative returns, reaching a low of -3.44% in Q4 2022. While there has been some improvement in recent quarters, Treehouse Foods Inc should focus on consistently improving its ROA to ensure efficient utilization of its assets and sustainable profitability.
Peer comparison
Dec 31, 2023