Return on Assets (ROA)
since 2005
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Kellanova pages available for free this week:
- Statement of Comprehensive Income
- Balance Sheet: Assets
- Common-Size Balance Sheet: Assets
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Geographic Areas
- Dividend Discount Model (DDM)
- Operating Profit Margin since 2005
- Price to Earnings (P/E) since 2005
- Price to Sales (P/S) since 2005
- Analysis of Debt
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Calculation
Kellanova, ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income attributable to Kellanova1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 30, 2023 | = | 100 | × | ÷ | |||
| Dec 31, 2022 | = | 100 | × | ÷ | |||
| Dec 31, 2021 | = | 100 | × | ÷ | |||
| Jan 2, 2021 | = | 100 | × | ÷ | |||
| Dec 28, 2019 | = | 100 | × | ÷ | |||
| Dec 29, 2018 | = | 100 | × | ÷ | |||
| Dec 30, 2017 | = | 100 | × | ÷ | |||
| Dec 31, 2016 | = | 100 | × | ÷ | |||
| Dec 31, 2015 | = | 100 | × | ÷ | |||
| Dec 31, 2014 | = | 100 | × | ÷ | |||
| Dec 28, 2013 | = | 100 | × | ÷ | |||
| Dec 29, 2012 | = | 100 | × | ÷ | |||
| Dec 31, 2011 | = | 100 | × | ÷ | |||
| Dec 31, 2010 | = | 100 | × | ÷ | |||
| Dec 31, 2009 | = | 100 | × | ÷ | |||
| Dec 31, 2008 | = | 100 | × | ÷ | |||
| Dec 29, 2007 | = | 100 | × | ÷ | |||
| Dec 30, 2006 | = | 100 | × | ÷ | |||
| Dec 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The analysis of the financial data reveals several notable trends in the performance and financial position over the observed periods.
- Net Income Attributable to Kellanova
- The net income shows considerable fluctuations across the years. Initially, there is a steady increase from 980 million US dollars in 2005 to a peak of 1247 million in 2010. This is followed by a slight decline and increased volatility, reaching a notable low of 614 million in 2015. A recovery phase follows with a peak of 1336 million in 2018, after which net income again declines and stabilizes around the 950-960 million range in recent years (2022-2023). These variations suggest periods of both growth and challenge impacting profitability.
- Total Assets
- Total assets generally trend upward from 10,575 million US dollars in 2005 to a peak near 18,496 million in 2022. However, a slight reduction is observed in 2023, where total assets decreased to 15,621 million. The growth trajectory indicates consistent asset accumulation or investment expansion over most of the period, with a recent contraction possibly hinting at asset divestiture or write-downs.
- Return on Assets (ROA)
- The ROA metric, indicative of asset efficiency in generating profits, mirrors the pattern found in net income. ROA starts at approximately 9.27% in 2005, increases slightly, and peaks at over 10% in the late 2000s. Post-2008, ROA declines significantly to around 4% in 2015, with intermittent recoveries peaking at 8.19% in 2021. Recently, ROA has moderated again, ending at around 6.09% in 2023. The fluctuations in ROA reflect the varying profitability relative to the asset base, underscoring periods of both effective asset utilization and diminished returns.
Overall, the patterns reveal a cycle of expansion and contraction in profitability and asset base. Strong asset growth was achieved primarily before 2022, alongside fluctuating but generally positive returns on assets. The recent decline in both total assets and net income coupled with a moderate ROA suggests a phase of consolidation or adjustment in operational performance.
Comparison to Competitors
Kellanova, ROA, long-term trends, comparison to competitors
| Kellanova | Coca-Cola Co. | Mondelēz International Inc. | PepsiCo Inc. | Philip Morris International Inc. | |
|---|---|---|---|---|---|
| Dec 30, 2023 | |||||
| Dec 31, 2022 | |||||
| Dec 31, 2021 | |||||
| Jan 2, 2021 | |||||
| Dec 28, 2019 | |||||
| Dec 29, 2018 | |||||
| Dec 30, 2017 | |||||
| Dec 31, 2016 | |||||
| Dec 31, 2015 | |||||
| Dec 31, 2014 | |||||
| Dec 28, 2013 | |||||
| Dec 29, 2012 | |||||
| Dec 31, 2011 | |||||
| Dec 31, 2010 | |||||
| Dec 31, 2009 | |||||
| Dec 31, 2008 | |||||
| Dec 29, 2007 | |||||
| Dec 30, 2006 | |||||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Food, Beverage & Tobacco)
Kellanova, ROA, long-term trends, comparison to sector (food, beverage & tobacco)
| Kellanova | Food, Beverage & Tobacco | |
|---|---|---|
| Dec 30, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Jan 2, 2021 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Consumer Staples)
Kellanova, ROA, long-term trends, comparison to industry (consumer staples)
| Kellanova | Consumer Staples | |
|---|---|---|
| Dec 30, 2023 | ||
| Dec 31, 2022 | ||
| Dec 31, 2021 | ||
| Jan 2, 2021 | ||
| Dec 28, 2019 | ||
| Dec 29, 2018 | ||
| Dec 30, 2017 | ||
| Dec 31, 2016 | ||
| Dec 31, 2015 | ||
| Dec 31, 2014 | ||
| Dec 28, 2013 | ||
| Dec 29, 2012 | ||
| Dec 31, 2011 | ||
| Dec 31, 2010 | ||
| Dec 31, 2009 | ||
| Dec 31, 2008 | ||
| Dec 29, 2007 | ||
| Dec 30, 2006 | ||
| Dec 31, 2005 |
Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2021-01-02), 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-28), 10-K (reporting date: 2012-12-29), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-29), 10-K (reporting date: 2006-12-30), 10-K (reporting date: 2005-12-31).