Tyson Foods Inc (TSN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -631,000 | -395,000 | 834,000 | 2,217,000 | 3,422,000 | 4,410,000 | 5,553,000 | 5,582,000 | 5,146,000 | 4,396,000 | 3,449,000 | 3,160,000 | 2,955,000 | 3,008,000 | 2,654,000 | 2,672,000 | 2,749,000 | 2,770,000 | 2,981,000 | 2,987,000 |
| Total assets | US$ in thousands | 36,746,000 | 36,251,000 | 36,761,000 | 36,796,000 | 36,678,000 | 36,821,000 | 36,245,000 | 35,898,000 | 36,824,000 | 36,309,000 | 35,663,000 | 34,474,000 | 35,458,000 | 34,456,000 | 34,323,000 | 33,657,000 | 33,564,000 | 32,918,000 | 33,665,000 | 32,305,000 |
| Operating ROA | -1.72% | -1.09% | 2.27% | 6.03% | 9.33% | 11.98% | 15.32% | 15.55% | 13.97% | 12.11% | 9.67% | 9.17% | 8.33% | 8.73% | 7.73% | 7.94% | 8.19% | 8.41% | 8.85% | 9.25% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-631,000K ÷ $36,746,000K
= -1.72%
Operating return on assets (ROA) is a financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. It is calculated by dividing operating income by average total assets.
Looking at the historical data for Tyson Foods Inc, we observe fluctuations in the operating ROA over the past few years. The trend shows variability in the company's ability to generate returns from its operating assets.
From the data provided, we see that Tyson Foods Inc's operating ROA has experienced a declining trend from 15.55% in March 2022 to -1.72% in December 2023. The ratio hit its lowest point in December 2023, indicating challenges in generating operating income in relation to its total assets.
Overall, the analysis of Tyson Foods Inc's operating ROA suggests that the company's efficiency in generating profits from its operational activities relative to its asset base has been fluctuating over the period. Further investigation into the factors driving these fluctuations in operating ROA would be warranted to understand the company's performance more comprehensively.
Peer comparison
Dec 31, 2023