Tyson Foods Inc (TSN)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 800,000 | -7,000 | -615,000 | -857,000 | -648,000 | 340,000 | 1,507,000 | 2,433,000 | 3,238,000 | 4,055,000 | 4,054,000 | 3,701,000 | 3,047,000 | 2,346,000 | 2,123,000 | 2,023,000 | 2,061,000 | 1,779,000 | 1,937,000 | 1,955,000 |
| Total assets | US$ in thousands | 37,100,000 | 37,732,000 | 37,465,000 | 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 |
| ROA | 2.16% | -0.02% | -1.64% | -2.33% | -1.79% | 0.92% | 4.10% | 6.63% | 8.79% | 11.19% | 11.29% | 10.05% | 8.39% | 6.58% | 6.16% | 5.71% | 5.98% | 5.18% | 5.76% | 5.82% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $800,000K ÷ $37,100,000K
= 2.16%
Tyson Foods Inc's return on assets (ROA) has exhibited fluctuations over the past several quarters. ROA peaked at 11.29% in the second quarter of 2022 and has since shown a general downward trend. In the most recent quarter ending September 30, 2024, the ROA stands at 2.16%, indicating a moderate return on the company's assets.
The negative ROA values in some quarters, such as in the quarters ending June 30, 2024, March 31, 2024, December 31, 2023, and September 30, 2023, suggest that the company may not have been effectively utilizing its assets to generate profits during those periods.
Overall, Tyson Foods Inc's ROA performance suggests fluctuations in asset efficiency and profitability over the past few quarters, indicating the need for continued monitoring and potential strategic adjustments to improve asset utilization and profitability ratios.
Peer comparison
Sep 30, 2024