United Natural Foods Inc (UNFI)
Operating return on assets (Operating ROA)
| Aug 3, 2024 | Apr 27, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 29, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | May 1, 2021 | Jan 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | May 2, 2020 | Feb 1, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,000 | -69,000 | -42,000 | 5,000 | 120,000 | 263,000 | 353,000 | 415,000 | 423,000 | 400,000 | 369,000 | 351,000 | 294,000 | 330,600 | 362,917 | 273,464 | -193,000 | -113,308 | -167,944 | -593,626 |
| Total assets | US$ in thousands | 7,528,000 | 7,585,000 | 7,671,000 | 7,848,000 | 7,394,000 | 7,641,000 | 7,635,000 | 8,199,000 | 7,628,000 | 7,878,000 | 7,801,000 | 7,999,000 | 7,525,000 | 7,520,820 | 7,490,140 | 7,783,600 | 7,587,000 | 7,700,770 | 7,682,430 | 7,963,520 |
| Operating ROA | 0.11% | -0.91% | -0.55% | 0.06% | 1.62% | 3.44% | 4.62% | 5.06% | 5.55% | 5.08% | 4.73% | 4.39% | 3.91% | 4.40% | 4.85% | 3.51% | -2.54% | -1.47% | -2.19% | -7.45% |
August 3, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,000K ÷ $7,528,000K
= 0.11%
United Natural Foods Inc's operating return on assets (operating ROA) has shown some volatility over the past several quarters. Despite fluctuations, the company has generally maintained a positive operating ROA, with values ranging from a low of -7.45% to a high of 5.55%.
The operating ROA trended upwards from November 2019 to October 2022, peaking at 5.55% in July 2022. Subsequently, there was a slight decline in the metric before reaching another peak of 5.08% in April 2022. However, there was a noticeable drop in the operating ROA in the third quarter of the fiscal year 2023, reaching a low of -0.91% in April 2024.
It is important to note that a negative operating ROA indicates that the company's operating income might not be sufficient to cover its assets, raising concerns about operational efficiency or profitability. Management should closely monitor the trend and take necessary steps to improve the operating ROA to ensure sustainable performance.
Peer comparison
Aug 3, 2024