Tyson Foods Inc (TSN)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,409,000 | -395,000 | 4,410,000 | 4,396,000 | 3,008,000 |
| Total assets | US$ in thousands | 37,100,000 | 36,251,000 | 36,821,000 | 36,309,000 | 34,456,000 |
| Operating ROA | 3.80% | -1.09% | 11.98% | 12.11% | 8.73% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,409,000K ÷ $37,100,000K
= 3.80%
The operating return on assets (operating ROA) for Tyson Foods Inc has shown fluctuating trends over the past five years. In the latest fiscal year ending on September 30, 2024, the operating ROA stood at 3.80%, indicating that the company generated a return of 3.80 cents for every dollar of assets employed in its operations.
Comparing this to the prior years, there has been a significant improvement in performance since the negative operating ROA of -1.09% in 2023. This negative figure suggests that the company's operating income was insufficient to cover the costs associated with its assets in that year.
On the other hand, in 2022 and 2021, Tyson Foods Inc demonstrated strong operating performance with operating ROA of 11.98% and 12.11% respectively. During these years, the company was able to efficiently utilize its assets to generate profits.
In 2020, the operating ROA was 8.73%, indicating a slightly lower return compared to 2022 and 2021 but still reflecting a solid performance in asset utilization.
Overall, the fluctuating trend in Tyson Foods Inc's operating ROA points towards varying levels of efficiency in utilizing its assets to generate operating profits over the past five years. It is essential for the company to continually monitor and improve its operating ROA to ensure sustainable and profitable operations.
Peer comparison
Sep 30, 2024