Apogee Enterprises Inc (APOG)
Operating return on assets (Operating ROA)
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 133,833 | 125,788 | 22,045 | 25,527 | 87,848 |
| Total assets | US$ in thousands | 884,064 | 915,365 | 887,863 | 1,015,100 | 1,128,990 |
| Operating ROA | 15.14% | 13.74% | 2.48% | 2.51% | 7.78% |
March 2, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $133,833K ÷ $884,064K
= 15.14%
Operating return on assets (operating ROA) is an important financial ratio that measures a company's ability to generate profits from its operations relative to its total assets. Higher operating ROA percentages indicate that the company is utilizing its assets efficiently to generate profits.
Looking at the historical trend for Apogee Enterprises Inc, we observe fluctuations in the operating ROA over the past five years:
1. In FY2024 (Mar 2, 2024), Apogee Enterprises Inc achieved an operating ROA of 15.14%, showing an improvement compared to the previous year.
2. In FY2023 (Feb 25, 2023), the operating ROA was 13.74%, indicating a strong performance in utilizing assets to generate profits.
3. FY2022 (Feb 26, 2022) and FY2021 (Feb 27, 2021) saw relatively lower operating ROA percentages of 2.48% and 2.51% respectively, suggesting a decrease in asset efficiency during those years.
4. In FY2020 (Feb 29, 2020), the operating ROA stood at 7.78%, reflecting a moderate performance in asset utilization for profit generation.
Overall, it is essential for Apogee Enterprises Inc to focus on maintaining or improving its operating ROA consistently over time to ensure efficient asset utilization and sustainable profitability.