United Natural Foods Inc (UNFI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -112,000 | -143,000 | -115,000 | -81,000 | 24,000 | 131,000 | 191,000 | 238,000 | 248,000 | 252,000 | 233,000 | 226,000 | 149,000 | 158,366 | 198,497 | 108,787 | -274,140 | -307,309 | -338,348 | -649,363 |
| 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 |
| ROA | -1.49% | -1.89% | -1.50% | -1.03% | 0.32% | 1.71% | 2.50% | 2.90% | 3.25% | 3.20% | 2.99% | 2.83% | 1.98% | 2.11% | 2.65% | 1.40% | -3.61% | -3.99% | -4.40% | -8.15% |
August 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-112,000K ÷ $7,528,000K
= -1.49%
United Natural Foods Inc has experienced fluctuating return on assets (ROA) over the past several quarters. The ROA was negative in recent quarters, indicating that the company may not be efficiently utilizing its assets to generate profits. The downward trend in ROA from the positive territory in previous quarters raises concerns about the company's profitability and asset management efficiency. However, there was a slight improvement in the most recent quarter compared to the previous quarter, but it still remains in the negative territory. Further analysis and monitoring of United Natural Foods Inc's asset utilization and profitability are recommended to assess any potential underlying issues affecting its ROA performance.
Peer comparison
Aug 3, 2024