Apogee Enterprises Inc (APOG)
Return on assets (ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Mar 2, 2024 | Feb 29, 2024 | Nov 30, 2023 | Nov 25, 2023 | Aug 31, 2023 | Aug 26, 2023 | May 31, 2023 | May 27, 2023 | Feb 28, 2023 | Feb 25, 2023 | Nov 30, 2022 | Nov 26, 2022 | Aug 31, 2022 | Aug 27, 2022 | May 31, 2022 | May 28, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 85,052 | 98,302 | 93,049 | 89,457 | 85,420 | 103,011 | 120,602 | 117,204 | 113,806 | 100,701 | 87,596 | 87,785 | 87,974 | 105,141 | 122,308 | 121,274 | 120,240 | 66,578 | 12,916 | 1,242 |
| Total assets | US$ in thousands | 1,175,270 | 1,180,520 | 917,092 | 888,979 | 884,064 | 884,064 | 894,855 | 894,855 | 908,579 | 908,579 | 921,199 | 921,199 | 915,365 | 915,365 | 918,446 | 918,446 | 948,974 | 948,974 | 906,950 | 906,950 |
| ROA | 7.24% | 8.33% | 10.15% | 10.06% | 9.66% | 11.65% | 13.48% | 13.10% | 12.53% | 11.08% | 9.51% | 9.53% | 9.61% | 11.49% | 13.32% | 13.20% | 12.67% | 7.02% | 1.42% | 0.14% |
February 28, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $85,052K ÷ $1,175,270K
= 7.24%
The return on assets (ROA) of Apogee Enterprises Inc has shown fluctuations over the reported periods. The ROA started at a relatively low level of 0.14% as of May 28, 2022, gradually increased to 13.48% by November 30, 2023, which indicated improvements in the company's ability to generate profits relative to its total assets.
However, the ROA experienced a slight decline to 7.24% as of February 28, 2025. Despite this decrease, the company has maintained a positive ROA throughout the periods analyzed, suggesting that Apogee Enterprises Inc has been effectively utilizing its assets to generate profits.
It is essential for investors and stakeholders to monitor the ROA trend over time as it provides insights into the efficiency of the company in generating earnings from its assets. A stable or increasing ROA indicates a healthy financial performance, while a declining ROA may require further analysis to identify potential inefficiencies in asset utilization.