United Natural Foods Inc (UNFI)
Return on assets (ROA)
| Jul 29, 2023 | Jul 30, 2022 | Jul 31, 2021 | Aug 1, 2020 | Aug 3, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 24,000 | 248,000 | 149,000 | -274,000 | -285,000 |
| Total assets | US$ in thousands | 7,394,000 | 7,628,000 | 7,525,000 | 7,587,000 | 7,174,340 |
| ROA | 0.32% | 3.25% | 1.98% | -3.61% | -3.97% |
July 29, 2023 calculation
ROA = Net income ÷ Total assets
= $24,000K ÷ $7,394,000K
= 0.32%
United Natural Foods Inc.'s return on assets (ROA) has exhibited fluctuations over the past five years. In the most recent fiscal year ending July 29, 2023, the ROA decreased significantly to 0.32%, marking a substantial decline from the previous year's 3.25%. This suggests a reduction in the company's ability to generate profits from its assets.
In the fiscal year ending July 30, 2022, the ROA was relatively strong at 3.25%, indicating an efficient utilization of assets to generate earnings. The company's performance in the preceding fiscal year ending July 31, 2021, also reflected a favorable ROA of 1.98%, indicating a positive trend in asset utilization.
Conversely, United Natural Foods Inc. faced challenges in the fiscal years ending August 1, 2020, and August 3, 2019, with negative ROA figures of -3.61% and -3.97% respectively. These negative ROA values suggest that the company experienced a decline in profitability relative to the size of its asset base in those years.
Overall, the fluctuations in United Natural Foods Inc.'s ROA demonstrate varying levels of efficiency in utilizing its assets to generate profits over the five-year period. The company's ability to maintain a positive and improving ROA will be crucial for demonstrating effective asset management and sustainable profitability in the future.
Peer comparison
Jul 29, 2023