United Natural Foods Inc (UNFI)
Operating return on assets (Operating ROA)
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 8,000 | 120,000 | 423,000 | 294,000 | -193,000 |
| Total assets | US$ in thousands | 7,528,000 | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 |
| Operating ROA | 0.11% | 1.62% | 5.55% | 3.91% | -2.54% |
August 3, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $8,000K ÷ $7,528,000K
= 0.11%
United Natural Foods Inc's operating return on assets (operating ROA) has shown a declining trend over the past five years. The company's operating ROA was 0.11% for the most recent fiscal year, Aug 3, 2024, which reflects a significant decrease from the previous year's 1.62%. This indicates a decrease in the company's ability to generate operating income relative to its total assets.
The operating ROA was highest in Jul 30, 2022, at 5.55%, indicating that the company was more efficient in utilizing its assets to generate operating income during that period. However, there was a notable drop in the operating ROA in the subsequent year, which suggests a decrease in operational efficiency or profitability.
It is noteworthy that in the fiscal year ending Jul 31, 2021, the operating ROA was 3.91%, indicating a relatively strong performance compared to the surrounding years. On the other hand, the negative operating ROA of -2.54% in the fiscal year ending Aug 1, 2020, suggests that the company incurred operating losses relative to its assets during that period.
Overall, the fluctuating operating ROA figures indicate that United Natural Foods Inc's operational performance and efficiency have been inconsistent in recent years. The company may need to evaluate its asset utilization and operational strategies to improve its profitability and efficiency in the future.
Peer comparison
Aug 3, 2024