Apogee Enterprises Inc (APOG)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 99,613 | 104,099 | 100,890 | 104,952 | 104,107 | 67,612 | 54,904 | 15,399 | 3,485 | -22,613 | 3,603 | 23,377 | 15,436 | 69,765 | 47,726 | 49,347 | 61,914 | 37,873 | 44,530 | 45,764 |
| 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 |
| ROA | 11.27% | 11.63% | 11.10% | 11.39% | 11.37% | 7.36% | 5.79% | 1.70% | 0.39% | -2.30% | 0.37% | 2.36% | 1.52% | 6.42% | 4.53% | 4.60% | 5.48% | 3.29% | 3.91% | 4.04% |
March 2, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $99,613K ÷ $884,064K
= 11.27%
Apogee Enterprises Inc's return on assets (ROA) has shown fluctuations over the periods mentioned. ROA represents the company's ability to generate profits relative to its total assets. From February 2021 to November 2023, the ROA ranged between -2.30% and 11.63%, with the highest point being in November 2023. This indicates a positive trend in utilizing assets to generate earnings. The company's ROA significantly improved from negative levels in 2021 to above 10% in recent periods. Overall, the trend suggests that Apogee Enterprises Inc has become more efficient in generating profits from its assets over the past few quarters.