Apogee Enterprises Inc (APOG)
Return on assets (ROA)
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 99,613 | 104,107 | 3,486 | 15,436 | 61,914 |
| Total assets | US$ in thousands | 884,064 | 915,365 | 887,863 | 1,015,100 | 1,128,990 |
| ROA | 11.27% | 11.37% | 0.39% | 1.52% | 5.48% |
March 2, 2024 calculation
ROA = Net income ÷ Total assets
= $99,613K ÷ $884,064K
= 11.27%
Based on the data provided, Apogee Enterprises Inc's return on assets (ROA) has fluctuated over the past five years. The ROA for the most recent fiscal year as of March 2, 2024, was 11.27%, showing a slight decrease from the previous year's 11.37%.
In the prior years, the ROA exhibited significant variations. In February 26, 2022, the ROA was notably lower at 0.39%, reflecting a decreased asset utilization or reduced profitability. However, there was a considerable improvement in the ROA for the following fiscal year, ending on February 27, 2021, as it climbed to 1.52%.
The highest ROA within the period was observed on February 29, 2020, at 5.48%, indicating a more efficient use of assets to generate profit compared to the other years.
Overall, the trends in Apogee Enterprises Inc's ROA suggest fluctuations in the company's ability to generate profit relative to its total assets. Further analysis would be beneficial to understand the factors driving these changes and to assess the company's overall financial performance.