Tyson Foods Inc (TSN)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 800,000 | -648,000 | 3,238,000 | 3,047,000 | 2,061,000 |
| Total assets | US$ in thousands | 37,100,000 | 36,251,000 | 36,821,000 | 36,309,000 | 34,456,000 |
| ROA | 2.16% | -1.79% | 8.79% | 8.39% | 5.98% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $800,000K ÷ $37,100,000K
= 2.16%
Tyson Foods Inc's Return on Assets (ROA) has shown varying performance over the past five years. In the most recent period ending September 30, 2024, the company's ROA stood at 2.16%, indicating that for every dollar of assets, the company generated a return of 2.16 cents. This represents an improvement compared to the previous year when the ROA was -1.79%, signaling a return that was lower than the assets employed.
Looking further back, in September 2022, Tyson Foods Inc recorded a robust ROA of 8.79%, demonstrating efficient asset utilization to generate profits. The company maintained a relatively strong ROA of 8.39% in September 2021, indicating consistent performance in generating returns from its assets. In September 2020, the ROA was at 5.98%, reflecting a positive return on assets.
Overall, Tyson Foods Inc's ROA has shown fluctuations over the past five years, with the most recent year marking a moderate improvement compared to the preceding year. It is essential for the company to sustain or improve its ROA in order to effectively utilize its assets to generate profits and create value for its shareholders.
Peer comparison
Sep 30, 2024