Apogee Enterprises Inc (APOG)
Return on assets (ROA)
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 85,052 | 99,613 | 99,613 | 104,107 | 104,107 |
| Total assets | US$ in thousands | 1,175,270 | 884,064 | 884,064 | 915,365 | 915,365 |
| ROA | 7.24% | 11.27% | 11.27% | 11.37% | 11.37% |
February 28, 2025 calculation
ROA = Net income ÷ Total assets
= $85,052K ÷ $1,175,270K
= 7.24%
The return on assets (ROA) for Apogee Enterprises Inc has shown a relatively stable performance over the past few years. As of February 25, 2023, and February 28, 2023, the ROA stood at 11.37%, indicating that the company generated $0.1137 in profit for every dollar of assets it owns. This level of ROA was maintained through February 29, 2024, and March 2, 2024, suggesting consistent efficiency in asset utilization.
However, there was a slight decline in ROA to 11.27% by the end of February 29, 2024, which was sustained until February 28, 2025, where it dropped significantly to 7.24%. This decrease in ROA could be attributed to various factors such as changes in asset management, profitability, or overall economic conditions impacting the company's financial performance.
Overall, Apogee Enterprises Inc's ROA has been relatively strong, indicating effective utilization of assets to generate profits. The recent decline in ROA in February 28, 2025, is worth monitoring to assess its impact on the company's profitability and efficiency in the future.