American Woodmark Corporation (AMWD)
Return on assets (ROA)
| 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 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 116,216 | 119,559 | 113,060 | 111,503 | 93,723 | 78,106 | 14,121 | -12,633 | -29,722 | -40,679 | 27,023 | 48,115 | 61,193 | 70,430 | 74,148 | 77,907 | 83,872 | 97,949 | 94,274 | 92,160 |
| Total assets | US$ in thousands | 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 | 1,654,400 | 1,656,870 | 1,672,880 | 1,667,440 | 1,593,830 | 1,598,660 | 1,623,420 | 1,529,930 |
| ROA | 7.29% | 7.60% | 7.37% | 7.28% | 6.17% | 4.99% | 0.86% | -0.77% | -1.82% | -2.56% | 1.69% | 3.03% | 3.70% | 4.25% | 4.43% | 4.67% | 5.26% | 6.13% | 5.81% | 6.02% |
April 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $116,216K ÷ $1,593,860K
= 7.29%
The return on assets (ROA) of American Woodmark Corporation has demonstrated a mixed performance over the past few quarters. The ROA has shown an upward trend from the negative range in the latter half of 2021 to positive levels in the following quarters of 2022 and 2023. However, the ROA experienced a noticeable decline in April 2023, before rebounding in subsequent quarters.
The ROA peaked at 7.60% in January 2024 and has since fluctuated slightly, indicating a relatively stable performance in terms of generating profits from its assets. The average ROA over the periods mentioned is approximately 4.64%.
Overall, while the company has shown improvement in profitability as measured by ROA in recent quarters, there may be room for further efficiency in asset utilization to enhance returns for shareholders. It will be important to monitor future trends in ROA to assess the company's ability to generate profits relative to the assets it holds.