US Foods Holding Corp (USFD)
Return on assets (ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 506,000 | 452,000 | 466,000 | 354,000 | 265,000 | 241,000 | 196,000 | 181,000 | 164,000 | 85,000 | 29,000 | -118,000 | -226,000 | -124,000 | -26,000 | 182,000 | 385,000 | 393,000 | 401,000 | 411,000 |
| Total assets | US$ in thousands | 13,187,000 | 13,272,000 | 13,029,000 | 13,038,000 | 12,773,000 | 13,242,000 | 13,033,000 | 12,960,000 | 12,521,000 | 13,117,000 | 13,064,000 | 13,000,000 | 12,423,000 | 12,796,000 | 13,529,000 | 11,984,000 | 11,288,000 | 11,526,000 | 9,339,000 | 9,391,000 |
| ROA | 3.84% | 3.41% | 3.58% | 2.72% | 2.07% | 1.82% | 1.50% | 1.40% | 1.31% | 0.65% | 0.22% | -0.91% | -1.82% | -0.97% | -0.19% | 1.52% | 3.41% | 3.41% | 4.29% | 4.38% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $506,000K ÷ $13,187,000K
= 3.84%
US Foods Holding Corp's return on assets (ROA) has shown improvement over the past few quarters, indicating an increase in the company's profitability relative to its total assets. The ROA has increased from a low of -1.82% in March 2021 to 3.84% in December 2023. This upward trend suggests that the company has been able to generate a higher level of earnings from its assets.
The ROA fluctuated during the period, with some quarters showing stronger performance than others. However, the overall trend indicates a positive trajectory in the company's ability to efficiently utilize its assets to generate profits. The recent ROA of 3.84% in December 2023 is a positive sign for investors as it indicates that the company is becoming more effective in generating profits relative to its asset base.
Overall, the improving trend in US Foods Holding Corp's ROA reflects positively on the company's operational efficiency and profitability. Investors and analysts may view this as a promising sign of the company's financial health and management's ability to generate returns on its assets.
Peer comparison
Dec 31, 2023