Return on Assets (ROA)
since 2005
Calculation
Constellation Brands Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to CBI1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Feb 28, 2022 | -0.16% | = | 100 | × | (40,400) | ÷ | 25,855,800) |
| Feb 28, 2021 | 7.37% | = | 100 | × | 1,998,000) | ÷ | 27,104,800) |
| Feb 29, 2020 | -0.04% | = | 100 | × | (11,800) | ÷ | 27,323,200) |
| Feb 28, 2019 | 11.75% | = | 100 | × | 3,435,900) | ÷ | 29,231,500) |
| Feb 28, 2018 | 11.29% | = | 100 | × | 2,318,900) | ÷ | 20,538,700) |
| Feb 28, 2017 | 8.25% | = | 100 | × | 1,535,100) | ÷ | 18,602,400) |
| Feb 29, 2016 | 6.22% | = | 100 | × | 1,054,900) | ÷ | 16,965,000) |
| Feb 28, 2015 | 5.54% | = | 100 | × | 839,300) | ÷ | 15,144,500) |
| Feb 28, 2014 | 13.59% | = | 100 | × | 1,943,100) | ÷ | 14,302,100) |
| Feb 28, 2013 | 5.08% | = | 100 | × | 387,800) | ÷ | 7,638,100) |
| Feb 29, 2012 | 6.26% | = | 100 | × | 445,000) | ÷ | 7,109,900) |
| Feb 28, 2011 | 7.81% | = | 100 | × | 559,500) | ÷ | 7,167,600) |
| Feb 28, 2010 | 1.23% | = | 100 | × | 99,300) | ÷ | 8,094,300) |
| Feb 28, 2009 | -3.75% | = | 100 | × | (301,400) | ÷ | 8,036,500) |
| Feb 29, 2008 | -6.10% | = | 100 | × | (613,300) | ÷ | 10,052,800) |
| Feb 28, 2007 | 3.52% | = | 100 | × | 331,900) | ÷ | 9,438,200) |
| Feb 28, 2006 | 4.40% | = | 100 | × | 325,262) | ÷ | 7,400,554) |
| Feb 28, 2005 | 3.54% | = | 100 | × | 276,464) | ÷ | 7,804,172) |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
1 US$ in thousands
The Return on Assets (ROA) for the period between 2005 and 2022 exhibits significant volatility, characterized by a sequence of instability, a period of substantial growth and efficiency, and a recent trend of fluctuating profitability.
- Initial Stability and Financial Contraction (2005-2010)
- Between 2005 and 2007, ROA remained relatively stable, fluctuating within a narrow range between 3.52% and 4.40%. This stability was interrupted by a sharp decline in 2008 and 2009, during which ROA fell to -6.10% and -3.75%, respectively, coinciding with significant net losses. A gradual recovery is observed in 2010, as the company returned to a positive ROA of 1.23%.
- Expansion and Peak Operational Efficiency (2011-2019)
- A sustained period of improvement began in 2011, with ROA climbing to 7.81%. A notable peak occurred in 2014, where ROA reached 13.59% as net income surged to approximately $1.94 billion. This period was marked by a massive expansion of the total asset base, which grew from $7.1 billion in 2012 to $29.2 billion by 2019. Despite this increase in assets, the company demonstrated strong asset utilization, with ROA remaining elevated and reaching 11.75% in 2019, driven by a peak net income of $3.44 billion.
- Recent Profitability Volatility (2020-2022)
- The upward trajectory ended abruptly in 2020, with ROA dropping to -0.04% following a net loss. Although a strong recovery was recorded in 2021 with an ROA of 7.37%, the metric declined again in 2022 to -0.16%. These recent figures indicate a period of instability in net income generation, occurring while the total asset base remained relatively constant, hovering between $25.8 billion and $27.3 billion.
AI Ask an analyst for more
Hi, I’m an AI-powered financial analyst at Stock Analysis on Net.
Without a user account, I tend to respond rather slowly.
How can I help you?
Comparison to Competitors
Constellation Brands Inc., ROA, long-term trends, comparison to competitors
| Constellation Brands Inc. | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Feb 28, 2022 | -0.16% | 10.29% | 3.82% | 9.67% | 14.67% |
| Feb 28, 2021 | 7.37% | 10.36% | 6.41% | 8.25% | 22.06% |
| Feb 29, 2020 | -0.04% | 8.87% | 5.24% | 7.66% | 17.98% |
| Feb 28, 2019 | 11.75% | 10.33% | 6.00% | 9.31% | 16.76% |
| Feb 28, 2018 | 11.29% | 7.73% | 5.39% | 16.12% | 19.88% |
| Feb 28, 2017 | 8.25% | 1.42% | 4.63% | 6.09% | 14.05% |
| Feb 29, 2016 | 6.22% | 7.48% | 2.70% | 8.54% | 18.91% |
| Feb 28, 2015 | 5.54% | 8.16% | 11.56% | 7.83% | 20.24% |
| Feb 28, 2014 | 13.59% | 7.71% | 3.27% | 9.24% | 21.29% |
| Feb 28, 2013 | 5.08% | 9.53% | 5.40% | 8.70% | 22.47% |
| Feb 29, 2012 | 6.26% | 10.47% | 4.01% | 8.28% | 23.36% |
| Feb 28, 2011 | 7.81% | 10.72% | 3.76% | 8.84% | 24.21% |
| Feb 28, 2010 | 1.23% | 16.19% | 4.32% | 9.27% | 20.71% |
| Feb 28, 2009 | -3.75% | 14.02% | 4.53% | 14.92% | 18.35% |
| Feb 29, 2008 | -6.10% | 14.33% | 4.60% | 14.29% | 20.90% |
| Feb 28, 2007 | 3.52% | 13.82% | 3.81% | 16.34% | — |
| Feb 28, 2006 | 4.40% | 16.95% | 5.51% | 18.85% | — |
| Feb 28, 2005 | 3.54% | 16.56% | 4.57% | 12.85% | — |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Sector (Food, Beverage & Tobacco)
Constellation Brands Inc., ROA, long-term trends, comparison to sector (food, beverage & tobacco)
| Constellation Brands Inc. | Food, Beverage & Tobacco | |
|---|---|---|
| Feb 28, 2022 | -0.16% | 9.51% |
| Feb 28, 2021 | 7.37% | 10.44% |
| Feb 29, 2020 | -0.04% | 9.04% |
| Feb 28, 2019 | 11.75% | 10.02% |
| Feb 28, 2018 | 11.29% | 11.48% |
| Feb 28, 2017 | 8.25% | 5.50% |
| Feb 29, 2016 | 6.22% | 8.27% |
| Feb 28, 2015 | 5.54% | 10.50% |
| Feb 28, 2014 | 13.59% | 8.80% |
| Feb 28, 2013 | 5.08% | 10.00% |
| Feb 29, 2012 | 6.26% | 9.86% |
| Feb 28, 2011 | 7.81% | 9.62% |
| Feb 28, 2010 | 1.23% | 10.87% |
| Feb 28, 2009 | -3.75% | 11.66% |
| Feb 29, 2008 | -6.10% | 12.02% |
| Feb 28, 2007 | 3.52% | 9.75% |
| Feb 28, 2006 | 4.40% | 11.94% |
| Feb 28, 2005 | 3.54% | 9.75% |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).
Comparison to Industry (Consumer Staples)
Constellation Brands Inc., ROA, long-term trends, comparison to industry (consumer staples)
| Constellation Brands Inc. | Consumer Staples | |
|---|---|---|
| Feb 28, 2022 | -0.16% | 8.95% |
| Feb 28, 2021 | 7.37% | 8.75% |
| Feb 29, 2020 | -0.04% | 8.24% |
| Feb 28, 2019 | 11.75% | 6.41% |
| Feb 28, 2018 | 11.29% | 8.40% |
| Feb 28, 2017 | 8.25% | 7.42% |
| Feb 29, 2016 | 6.22% | 7.94% |
| Feb 28, 2015 | 5.54% | 7.69% |
| Feb 28, 2014 | 13.59% | 7.96% |
| Feb 28, 2013 | 5.08% | 8.75% |
| Feb 29, 2012 | 6.26% | 8.63% |
| Feb 28, 2011 | 7.81% | 8.89% |
| Feb 28, 2010 | 1.23% | 9.45% |
| Feb 28, 2009 | -3.75% | 9.43% |
| Feb 29, 2008 | -6.10% | 9.11% |
| Feb 28, 2007 | 3.52% | 8.07% |
| Feb 28, 2006 | 4.40% | 8.42% |
| Feb 28, 2005 | 3.54% | 9.55% |
Based on: 10-K (reporting date: 2022-02-28), 10-K (reporting date: 2021-02-28), 10-K (reporting date: 2020-02-29), 10-K (reporting date: 2019-02-28), 10-K (reporting date: 2018-02-28), 10-K (reporting date: 2017-02-28), 10-K (reporting date: 2016-02-29), 10-K (reporting date: 2015-02-28), 10-K (reporting date: 2014-02-28), 10-K (reporting date: 2013-02-28), 10-K (reporting date: 2012-02-29), 10-K (reporting date: 2011-02-28), 10-K (reporting date: 2010-02-28), 10-K (reporting date: 2009-02-28), 10-K (reporting date: 2008-02-29), 10-K (reporting date: 2007-02-28), 10-K (reporting date: 2006-02-28), 10-K (reporting date: 2005-02-28).