Tyson Foods Inc (TSN)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -648,000 | 3,238,000 | 3,047,000 | 2,061,000 | 1,980,000 |
| Total assets | US$ in thousands | 36,251,000 | 36,821,000 | 36,309,000 | 34,456,000 | 32,918,000 |
| ROA | -1.79% | 8.79% | 8.39% | 5.98% | 6.01% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $-648,000K ÷ $36,251,000K
= -1.79%
Tyson Foods, Inc.'s return on assets (ROA) is a measure of the company's ability to generate profits from its assets. The table provides the ROA for Tyson Foods over the past five years.
In 2023, Tyson Foods' ROA is -1.79%, indicating that the company generated a negative return based on its assets. This suggests that the company's profitability relative to its asset base has decreased significantly compared to the previous year.
In 2022, the ROA improved to 8.79%, indicating that the company was able to generate a positive return on its assets. This increase in ROA suggests that Tyson Foods became more efficient in utilizing its assets to generate profits, which is a positive sign for investors.
In 2021, the ROA remained strong at 8.39%, indicating that the company maintained its ability to generate profits from its assets. This stability in ROA reflects positively on the company's operational efficiency and asset management.
In 2020, the ROA was 5.98%, showing a slight decrease from the previous year. While the ROA remained positive, the decrease suggests that Tyson Foods' profitability relative to its assets was not as strong as in the previous year.
In 2019, the ROA was 6.11%, indicating a slight improvement compared to 2020. The increase in ROA suggests that Tyson Foods' profitability relative to its assets improved, reflecting positively on the company's management of its asset base.
Overall, Tyson Foods' ROA fluctuated over the past five years, with both positive and negative returns. Investors should monitor the company's ability to generate profits from its assets in the coming years to evaluate its operational efficiency and financial performance.
Peer comparison
Sep 30, 2023