Tyson Foods Inc (TSN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | 1,980,000 | 2,145,000 | 2,002,000 |
| 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 |
| ROA | -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% | 6.01% | 6.37% | 6.20% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-857,000K ÷ $36,746,000K
= -2.33%
The return on assets (ROA) of Tyson Foods Inc has shown fluctuations over the past several quarters. The ROA was negative in the most recent quarter, indicating that the company generated a net loss relative to its total assets. Prior to this, the ROA had been on a downward trend from a peak of 11.29% in March 2022. The decreasing trend reversed in the second quarter of 2023 when the ROA turned positive again and improved to 0.92%.
Overall, Tyson Foods Inc's ROA has been relatively volatile, with periods of both positive and negative returns. Investors and analysts may want to monitor the company's profitability and asset management efficiency closely to assess its financial health and performance in the market.
Peer comparison
Dec 31, 2023