United Natural Foods Inc (UNFI)
Return on assets (ROA)
| Aug 3, 2024 | Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -112,000 | 24,000 | 248,000 | 149,000 | -274,000 |
| Total assets | US$ in thousands | 7,528,000 | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 |
| ROA | -1.49% | 0.32% | 3.25% | 1.98% | -3.61% |
August 3, 2024 calculation
ROA = Net income ÷ Total assets
= $-112,000K ÷ $7,528,000K
= -1.49%
United Natural Foods Inc's return on assets (ROA) has displayed fluctuating results over the past five years. The ROA was -1.49% as of August 3, 2024, indicating a decline from the previous year. This negative ROA suggests that the company's assets are not generating sufficient profits.
In contrast, the ROA improved to 0.32% as of July 29, 2023, showing a positive trend compared to the previous year. This suggests that the company was able to generate a modest return on its assets during this period.
The most significant ROA increase was observed on July 30, 2022, at 3.25%, indicating efficient utilization of assets to generate profit. This positive performance suggests that the company was successful in generating profits relative to its asset base.
The ROA slightly decreased to 1.98% as of July 31, 2021, which is still a respectable level indicating a reasonable return on assets.
On August 1, 2020, the ROA was -3.61%, representing a significant decline in the company's ability to generate profits from its assets compared to the previous year.
Overall, United Natural Foods Inc's ROA has varied over the years, showing both positive and negative trends. It is important for investors to closely monitor these fluctuations to assess the company's efficiency in generating profits from its asset base.
Peer comparison
Aug 3, 2024