United Natural Foods Inc (UNFI)
Operating return on assets (Operating ROA)
| 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 | Aug 3, 2019 | Apr 27, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -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 | -196,000 | -310,288 |
| Total assets | US$ in thousands | 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 | 7,174,340 | 7,327,220 |
| Operating ROA | -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% | -2.73% | -4.23% |
January 27, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-42,000K ÷ $7,671,000K
= -0.55%
United Natural Foods Inc.'s operating return on assets (operating ROA) has shown a declining trend in recent quarters. The operating ROA decreased from 4.32% in Q3 2022 to 0.35% in Q2 2024. This indicates that the company's operating profitability in relation to its assets has been deteriorating over the periods under review.
The lower operating ROA can be attributed to various factors such as increased operating expenses, declining sales, or inefficiencies in asset utilization. Investors and stakeholders should closely monitor the trend in operating ROA to assess the company's operational efficiency and profitability. Management should focus on improving operational performance and finding ways to enhance asset utilization to reverse the downward trend in operating ROA.
Peer comparison
Jan 27, 2024