Sovos Brands Inc (SOVO) Return on Assets ROA from the fourth quarter of 2023 to fourth quarter of 2022 and for the year 2023, Average High and Low, Fundamental Ratios from Dec 30 2023 to Dec 31 2022 - CSIMarket
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Sovos Brands Inc  (NASDAQ: SOVO)


Sovos Brands 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 Sovos Brands Inc's ROA in the fourth quarter of 2023?
Sovos Brands Inc achieved a return on average assets (ROA) of 2.56 % in its fourth quarter of 2023, this is above SOVO's average return on assets of -1.8%.
Sovos Brands Inc assets over the 12 months ending in its fourth quarter of 2023 are valued at $1,180 million

ROA has improved compared to -1.21% in the third quarter of 2023, due to net income growth.

However, within the Consumer Non Cyclical sector 98 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 2071, from total ROA ranking in the third quarter of 2023 at 2975.

What is ROA?


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Return On Assets (Dec 30 2023)
IV. Quarter		 (Sep 30 2023)
III. Quarter		 (Jul 01 2023)
II. Quarter		 (Apr 01 2023)
I. Quarter		 (Dec 31 2022)
IV. Quarter
Y / Y Total Assets Change 6.71 % 1.54 % 0.96 % -1.8 % -1.38 %
Y / Y Net Income Change - -2.6 % - 93.39 % -
Net Income (TTM) in million 30 -14 -14 -50 -53
Return On Assets (TTM) 2.56 % -1.21 % -1.21 % -4.31 % -4.61 %
SOVO's Total Ranking # 2071 # 2975 # 3042 # 3415 # 3977
Total Assets (TTM) in million 1,224 1,185 1,156 1,156 1,147
Seq. Total Assets Change 3.35 % 2.51 % -0.02 % 0.75 % -1.66 %
Seq. Net Income Change 987.87 % -73.54 % -31.32 % - -

SOVO's 5 Years Annual ROA >> Back to SOVO Management Effectiveness >> Compare SOVO ROA to its Competitors


Return On Assets Company Ranking
Within: No.
Industry # 29
Sector # 99
Overall # 2041

Return On Assets Statistics
High Average Low
2.54 %
-1.8 %
-4.56 %
(Dec 30 2023)   (Dec 31 2022)





Financial Statements
Sovos Brands Inc's Assets $ 1,224 million SOVO's Balance sheet
Sovos Brands Inc's Income $ 16 million Quarterly SOVO's Income Statement
SOVO's Income by Division See SOVO's Income by Division



Annual Return On Assets (Dec 30 2023)
FY 2023		 (Dec 31 2022)
FY 2022		 (Dec 25 2021)
FY 2021
FY
FY
Y / Y Total Assets Change 6.71 % -1.38 % - - -
Total Assets in million 1,224 1,147 1,163 0 0
Y / Y Net Income Change - - - - -
Net Income in million 30 -53 2 0 0
Annual Return On Assets 2.46 % -4.66 % 0.16 % - -

SOVO's 5 Years Annual ROA >> Back to SOVO Management Effectiveness >> Compare SOVO ROA to its Competitors



Comment on SOVO's ROA in the fiscal year ending 2023
In the fiscal year 2023 ROA improved to 2.46 % compared to prior year, due to annual net income growth of % to $30.17 million, while value of Sovos Brands Inc's overall assets grew just by 6.71 % to $1,224.22 million, compared to $1,224.22 a year before.


More Return On Assets Ratios
SOVO'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
SOVO's Roa Ratio versus Food Processing Industry, Consumer Non Cyclical Sector and overall Market
Highest Ranking Return On Assets
Lowest Ranking Return On Assets
Subscribers only: Roa for SOVO's Competitors
Subscribers only: Roa for Sovos Brands Inc's Suppliers
Subscribers only: Return On Assets for SOVO's Customers

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



Companies with similar Return On Assets at Dec 30 2023, within Consumer Non Cyclical Sector ROA
Natura and co Holding S a   6.96 %
Mondel z International Inc   6.92 %
Turning Point Brands Inc   6.74 %
Primo Water Corp  6.60 %
Ecolab Inc   6.45 %
The Simply Good Foods Company  6.37 %
Constellation Brands Inc   6.37 %
The Campbells Company  6.32 %
The Davey Tree Expert Company  6.29 %
J and j Snack Foods Corp   6.24 %
Archer daniels midland Co  6.19 %
Darling Ingredients Inc   6.04 %
Andina Bottling Co Inc  5.97 %
Hormel Foods Corporation  5.92 %
Icl Group Ltd   5.91 %
Coca cola Europacific Partners Plc  5.71 %
Kenvue Inc   5.64 %
Kellanova  5.40 %
Mccormick and Company Incorporated  5.24 %
The Boston Beer Company Inc   5.23 %
Universal Corporation  5.21 %
The Duckhorn Portfolio Inc   4.76 %
Conagra Brands Inc   4.43 %
Seneca Foods Corporation  4.27 %
Keurig Dr Pepper Inc   4.21 %
Central Garden and Pet Company  4.01 %
Molson Coors Beverage Company  3.62 %
Flowers Foods Inc  3.56 %
Olaplex Holdings Inc   3.55 %
Andersons Inc   3.51 %

Date modified: 2026-09-08T15:11:11+00:00


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