AeroVironment Inc (AVAV)
Operating return on assets (Operating ROA)
| Apr 30, 2025 | Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 40,795 | 71,824 | -22,992 | -20,200 | 43,313 |
| Total assets | US$ in thousands | 1,120,570 | 1,015,860 | 824,577 | 914,200 | 928,566 |
| Operating ROA | 3.64% | 7.07% | -2.79% | -2.21% | 4.66% |
April 30, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $40,795K ÷ $1,120,570K
= 3.64%
The operating return on assets (ROA) for AeroVironment Inc. demonstrates notable fluctuations over the specified period from April 30, 2021, to April 30, 2025. In the fiscal year ending April 30, 2021, the company's operating ROA stood at 4.66%, indicating a modest degree of operating efficiency relative to its total assets. However, this figure declined sharply in the subsequent year, reaching -2.21% for the fiscal year ending April 30, 2022, reflecting a turnaround from profitability to an operating loss relative to assets. The negative performance persisted into the fiscal year ending April 30, 2023, with an operating ROA of -2.79%, suggesting continued operating challenges and a decrease in the efficiency of asset utilization.
A significant recovery is observed in the fiscal year ending April 30, 2024, where the operating ROA surged to 7.07%. This positive shift indicates a substantial improvement in operating efficiency, likely driven by operational cost management, revenue growth, or a combination of both. The upward movement continues into the fiscal year ending April 30, 2025, with the operating ROA settling at 3.64%. Although positive, this figure remains below the peak observed in 2024, suggesting a moderation in operating performance or the impact of external factors affecting asset utilization.
Overall, AeroVironment's operating ROA reflects periods of operational distress followed by a recovery phase, highlighting its sensitivity to operational and market conditions. The substantial rebound in 2024 signifies a noteworthy turnaround, but the subsequent decline to 2025 levels indicates continued variability in operating efficiency relative to the company's asset base.
Peer comparison
Apr 30, 2025