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Tootsie Roll Industries inc  (TR)
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Tootsie Roll Industries Inc's ROA from the fourth quarter of 2023 to the fourth quarter of 2022 and 5 Year Period

Return on Assets, Quarterly Results, Trends, Rankings, Statistics


What is Tootsie Roll Industries Inc's ROA in the fourth quarter of 2023?
Tootsie Roll Industries inc achieved a return on average assets (ROA) of 7.06 % in its fourth quarter of 2023, this is above TR's average return on assets of 6.93%.
Tootsie Roll Industries Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $1,302 million

Despite the company's net income deteriorating, Tootsie Roll Industries Inc was able to improve its ROA compared to the third quarter of 2023.

However, within the Consumer Non Cyclical sector 29 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 31 2023 quarter, so far to 536, from total ROA ranking in the third quarter of 2023 at 724.

What is ROA?


Return On Assets (Dec 31 2023)
IV. Quarter
(Sep 30 2023)
III. Quarter
(Jun 30 2023)
II. Quarter
(Mar 31 2023)
I. Quarter
(Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 5.82 % 3.27 % 28.5 % 25.64 % 24.32 %
Y / Y Net Income Change 16.04 % 29.43 % 22.86 % 11.44 % 26.44 %
Net Income (TTM) in million 92 88 80 77 76
Return On Assets (TTM) 7.06 % 6.84 % 6.28 % 6.43 % 6.67 %
TR's Total Ranking # 536 # 724 # 837 # 888 # 1095
Total Assets (TTM) in million 1,340 1,309 1,286 1,273 1,266
Seq. Total Assets Change 2.36 % 1.76 % 1.1 % 0.49 % -0.11 %
Seq. Net Income Change -14.49 % 133.54 % 9.9 % -47.12 % -4.63 %



Return On Assets Company Ranking
Within: No.
Industry # 9
Sector # 30
Overall # 535

Return On Assets Statistics
High Average Low
8.74 %
6.93 %
4.31 %
(Dec 31 2023)   (Dec 31 2018)





Financial Statements
Tootsie Roll Industries Inc's Assets $ 1,340 million TR's Balance sheet
Tootsie Roll Industries Inc's Income $ 29 million Quarterly TR's Income Statement
TR's Income by Division See TR's Income by Division



Annual Return On Assets (Dec 31 2023)
FY 2023
(Dec 31 2022)
FY 2022
(Dec 31 2021)
FY 2021
(Dec 31 2019)
FY 2019
(Dec 31 2018)
FY 2018
Y / Y Total Assets Change 5.82 % 24.32 % 4.17 % 3.22 % 1.76 %
Total Assets in million 1,340 1,266 1,019 978 947
Y / Y Net Income Change 21.07 % 16.21 % 0.72 % 14.14 % -29.57 %
Net Income in million 92 76 65 65 57
Return On Assets 6.86 % 5.99 % 6.41 % 6.63 % 6 %




Comment on TR's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 6.86 % compared to prior year, due to annual net income growth of 21.07 % to $91.89 million, while value of Tootsie Roll Industries Inc's overall assets grew just by 5.82 % to $1,340.00 million, compared to $1,340.00 a year before.


More Return On Assets Ratios
TR's' Return on Assets at Yahoo Finance
Food Processing Industry Return On Assets Trends and Statistics
Consumer Non Cyclical Sector Roa Statistics
Roa Trends for overall market
TR's Roa Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Roa for TR's Competitors
Roa for Tootsie Roll Industries Inc's Suppliers
Return On Assets for TR's Customers

You may also want to know
TR's Roi TR's Inventory Turnover Ratio TR's Growth Rates TR's Dividend Comparisons
TR's Profitability Ratios TR's Asset Turnover Ratio TR's Dividend Growth
TR's Roe TR's Valuation Ratios TR's Financial Strength Ratios TR's Dividend Payout Ratio



Companies with similar Return On Assets at Dec 31 2023, within Consumer Non Cyclical Sector ROA
The Vita Coco Company Inc   18.52 %
Vector Group Ltd  18.24 %
Lamb Weston Holdings Inc   17.84 %
U S Premium Beef Llc  16.07 %
Hershey Co  16.02 %
Colgate palmolive Company  15.15 %
Lifeway Foods Inc   14.93 %
Philip Morris International Inc   14.61 %
Celsius Holdings Inc   14.51 %
Oddity Tech Ltd  14.46 %
Inter Parfums Inc   13.67 %
Cf Industries Holdings inc   13.40 %
E l f Beauty Inc   12.71 %
Brown forman Corporation  12.67 %
Lancaster Colony Corporation  11.38 %
Ambev S a   11.28 %
Ennis Inc   11.23 %
Alico Inc   11.11 %
Coca Cola Co  10.95 %
Usana Health Sciences Inc   10.45 %
Coca cola Consolidated Inc   10.07 %
Bunge Global Sa  9.05 %
Tootsie Roll Industries inc  8.74 %
Ingredion Incorporated  8.56 %
Chs Inc   8.33 %
Mgp Ingredients Inc   8.03 %
General Mills Inc   7.86 %
Mondel z International Inc   6.92 %
Turning Point Brands Inc   6.74 %
Primo Water Corp  6.60 %


Date modified: 2024-02-29T16:23:29+00:00


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