Apogee Enterprises Inc (APOG)
Operating return on assets (Operating ROA)
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 133,833 | 137,706 | 134,820 | 126,339 | 125,788 | 91,410 | 74,359 | 39,219 | 22,045 | -23,222 | 8,818 | 35,101 | 25,528 | 95,072 | 66,916 | 71,277 | 87,849 | 57,433 | 67,247 | 68,331 |
| Total assets | US$ in thousands | 884,064 | 894,855 | 908,579 | 921,199 | 915,365 | 918,446 | 948,974 | 906,950 | 887,863 | 982,091 | 976,453 | 990,703 | 1,015,100 | 1,085,980 | 1,054,500 | 1,071,620 | 1,128,990 | 1,149,790 | 1,138,830 | 1,132,240 |
| Operating ROA | 15.14% | 15.39% | 14.84% | 13.71% | 13.74% | 9.95% | 7.84% | 4.32% | 2.48% | -2.36% | 0.90% | 3.54% | 2.51% | 8.75% | 6.35% | 6.65% | 7.78% | 5.00% | 5.90% | 6.04% |
March 2, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $133,833K ÷ $884,064K
= 15.14%
The operating return on assets (operating ROA) for Apogee Enterprises Inc has fluctuated over the period under review. From March 2, 2024, to June 1, 2019, the operating ROA ranged from a low of -2.36% to a high of 15.39%, reflecting variations in the company's operating performance relative to its total assets. Notably, there was a significant increase in operating ROA from August 29, 2020 (6.35%) to March 2, 2024 (15.14%), indicating improved efficiency in generating operating income from its assets during this period.
Overall, Apogee Enterprises Inc has generally shown a positive trend in its operating ROA, with occasional fluctuations. This trend suggests that the company has been effectively utilizing its assets to generate operating income, although there may have been challenges or improvements in operational efficiency over the years. Monitoring this ratio over time can provide insights into the company's operational performance and the effectiveness of its asset management strategies.