American Woodmark Corporation (AMWD)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 143,195 | 148,929 | 155,733 | 158,568 | 161,196 | 162,723 | 158,662 | 155,206 | 136,352 | 115,547 | 96,953 | 60,504 | 36,159 | 38,610 | 61,989 | 91,339 | 111,680 | 117,206 | 112,636 | 114,640 |
| Total assets | US$ in thousands | 1,570,570 | 1,590,240 | 1,609,880 | 1,623,420 | 1,593,860 | 1,573,840 | 1,534,100 | 1,530,630 | 1,518,800 | 1,564,370 | 1,651,030 | 1,646,210 | 1,632,500 | 1,591,680 | 1,595,740 | 1,589,580 | 1,636,510 | 1,656,870 | 1,672,880 | 1,667,440 |
| Operating ROA | 9.12% | 9.37% | 9.67% | 9.77% | 10.11% | 10.34% | 10.34% | 10.14% | 8.98% | 7.39% | 5.87% | 3.68% | 2.21% | 2.43% | 3.88% | 5.75% | 6.82% | 7.07% | 6.73% | 6.88% |
April 30, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $143,195K ÷ $1,570,570K
= 9.12%
The operating return on assets (ROA) for American Woodmark Corporation has demonstrated notable fluctuations over the period spanning from July 31, 2020, to April 30, 2025. Initially, in July 2020, the operating ROA was recorded at approximately 6.88%, indicating a modest level of operating efficiency relative to the company's total assets. This figure experienced a slight decline, reaching a low of 3.88% by October 2021, reflecting potential operational challenges or shifts in asset utilization during that timeframe.
Subsequently, a significant upward trend is observed beginning in January 2022, with the operating ROA rising sharply from 2.43% to an approximate peak of 10.34% in October 2023 and January 2024. This consistent improvement over 2022 and 2023 suggests enhanced operational performance, better asset management, or increased efficiency in generating operating income relative to assets employed. The peak in January 2024 at 10.34% indicates a period of optimal operational effectiveness within this timeframe.
Following this peak, a slight decline is evident, with the operating ROA decreasing to approximately 9.12% by April 2025. Despite this decrease, the figure remains substantially higher than initial levels observed in 2020, indicating sustained improvement compared to pre-2022 periods.
Overall, the company experienced periods of decline during 2020 and 2021, followed by a significant and sustained recovery beginning in early 2022. The upward trend culminating around early 2024 suggests ongoing operational enhancements, although recent minor declines imply potential challenges or market adjustments affecting asset efficiency. The observed pattern reflects a positive trajectory in operational profitability relative to assets in recent years, emphasizing periods of growth and consolidation within the company's operational framework.