United Natural Foods Inc (UNFI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -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 | -284,730 | -271,139 |
| 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 |
| ROA | -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% | -3.97% | -3.70% |
January 27, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-115,000K ÷ $7,671,000K
= -1.50%
United Natural Foods Inc.'s return on assets (ROA) has been fluctuating over the past few quarters. In Q2 2024, the ROA stood at -1.50%, indicating that the company generated a negative return on its assets. This was a decline from the previous quarter's ROA of -1.03%. The downward trend in ROA suggests that the company may be facing challenges in efficiently utilizing its assets to generate profits.
Comparing the recent performance to Q4 2022, where the ROA was 3.25%, there has been a notable decrease in profitability. This sharp decline in ROA over multiple quarters may raise concerns about the company's overall financial performance and operational efficiency.
It is important for United Natural Foods Inc. to closely monitor and address the underlying factors contributing to the decline in ROA to improve the utilization of its assets and enhance overall profitability in the future.
Peer comparison
Jan 27, 2024