What is Kontoor Brands Inc 's ROA in the fourth quarter of 2023?
Kontoor Brands Inc achieved a return on average assets (ROA) of
14.86 % in its fourth quarter of 2023, this is above KTB's average return on assets of 9.96%.
Kontoor Brands Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $1,555 million
ROA has improved compared to 13.87% in the third quarter of 2023, due to net income growth.
However, within the
Consumer Discretionary sector 16 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Dec 30 2023 quarter, so far to
264, from total ROA ranking in the third quarter of 2023 at
409.
What is ROA?