AAR Corp (AIR)
Return on assets (ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 46,300 | 60,400 | 68,200 | 66,900 | 90,200 | 90,900 | 91,600 | 89,900 | 78,700 | 68,800 | 74,400 | 61,800 | 35,800 | 5,300 | -20,500 | -14,500 | 4,400 | 43,700 | 4,000 | -3,200 |
| Total assets | US$ in thousands | 2,770,000 | 2,021,800 | 1,965,600 | 1,954,400 | 1,833,100 | 1,673,300 | 1,646,900 | 1,598,900 | 1,573,900 | 1,552,000 | 1,529,600 | 1,535,700 | 1,539,700 | 1,642,800 | 1,669,300 | 1,713,800 | 2,079,000 | 1,828,900 | 1,754,900 | 1,683,100 |
| ROA | 1.67% | 2.99% | 3.47% | 3.42% | 4.92% | 5.43% | 5.56% | 5.62% | 5.00% | 4.43% | 4.86% | 4.02% | 2.33% | 0.32% | -1.23% | -0.85% | 0.21% | 2.39% | 0.23% | -0.19% |
May 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $46,300K ÷ $2,770,000K
= 1.67%
Over the period from November 2019 to May 2024, AAR Corp's return on assets (ROA) has fluctuated. The ROA has varied from a low of -1.23% in November 2020 to a high of 5.62% in November 2022. The trend indicates a general improvement in ROA from late 2020 through early 2023, with ROA peaking in late 2022. However, there has been a slight decline in ROA in recent periods, with the latest figure standing at 1.67% in May 2024.
Overall, AAR Corp's ROA performance suggests that the company has been able to generate a positive return on its assets, although there have been fluctuations in profitability over the examined period. Monitoring and analyzing the factors influencing these fluctuations could provide insights into the company's operational efficiency and profitability.
Peer comparison
May 31, 2024