American Woodmark Corporation (AMWD)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 161,394 | 136,352 | 36,159 | 114,738 | 141,694 |
| Total assets | US$ in thousands | 1,593,860 | 1,518,800 | 1,632,500 | 1,654,400 | 1,529,930 |
| Operating ROA | 10.13% | 8.98% | 2.21% | 6.94% | 9.26% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $161,394K ÷ $1,593,860K
= 10.13%
The operating return on assets (ROA) for American Woodmark Corporation has shown varying trends over the past five years. In the latest fiscal year ending April 30, 2024, the operating ROA has increased to 10.13%, indicating that the company generated a 10.13% return from its operating activities on every dollar of assets employed in the business. This reflects an improvement in the company's operational efficiency and profitability compared to the previous years.
In the prior year, ending April 30, 2023, the operating ROA was at 8.98%, demonstrating a slightly lower return compared to the most recent year but still reflecting a strong performance. However, there was a significant increase in the operating ROA from the fiscal year ending April 30, 2022, where the ratio was at 2.21%. This suggests that the company made substantial improvements in its operational performance and asset utilization during the period.
Looking back further, the operating ROA was 6.94% in the fiscal year ending April 30, 2021, and 9.26% in the fiscal year ending April 30, 2019. These figures indicate a fluctuating trend in the company's operating ROA over the years, with some years demonstrating higher returns than others.
Overall, American Woodmark Corporation's operating ROA has shown positive growth in the most recent fiscal year, indicating improved operational efficiency and profitability. Monitoring this ratio over time can provide insights into the company's ability to generate returns from its operating activities relative to the assets deployed in the business.