Tootsie Roll Industries Inc (TR)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 86,827 | 91,912 | 75,937 | 65,326 | 58,995 |
| Total assets | US$ in thousands | 1,147,180 | 1,084,390 | 1,018,780 | 1,018,620 | 984,558 |
| ROA | 7.57% | 8.48% | 7.45% | 6.41% | 5.99% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $86,827K ÷ $1,147,180K
= 7.57%
Tootsie Roll Industries Inc's return on assets (ROA) has exhibited a generally positive trend over the past five years, starting at 5.99% on December 31, 2020, and reaching a peak of 8.48% on December 31, 2023. This indicates the company's ability to generate profits relative to its total assets has been improving. However, there was a slight decrease in ROA to 7.57% as of December 31, 2024. Overall, the increasing trend in ROA reflects efficient asset utilization and effective management of the company's resources during the period under review.
Peer comparison
Dec 31, 2024
Company name
Symbol
ROA
Tootsie Roll Industries Inc
TR
7.57%
Hershey Co
HSY
17.16%
John B Sanfilippo & Son Inc
JBSS
11.69%