US Foods Holding Corp (USFD)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 506,000 | 265,000 | 164,000 | -226,000 | 385,000 |
| Total assets | US$ in thousands | 13,187,000 | 12,773,000 | 12,521,000 | 12,423,000 | 11,288,000 |
| ROA | 3.84% | 2.07% | 1.31% | -1.82% | 3.41% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $506,000K ÷ $13,187,000K
= 3.84%
The return on assets (ROA) for US Foods Holding Corp has fluctuated over the past five years. In 2023, the ROA improved significantly to 3.84%, marking a positive trend from the previous year's 2.07%. The ROA in 2021 also showed a notable increase compared to 2020, reaching 1.31%. However, in 2020, the company experienced a negative ROA of -1.82%, indicating a period of financial difficulty or inefficiency. Prior to that, in 2019, US Foods Holding Corp achieved a healthy ROA of 3.41%.
Overall, the company's ROA performance has been mixed, with ups and downs in recent years. It is essential for the company to maintain a positive and increasing ROA to demonstrate effective asset management and profitability.
Peer comparison
Dec 31, 2023