AeroVironment Inc (AVAV)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 71,824 | -178,663 | -9,887 | 43,313 | 47,135 |
| Total assets | US$ in thousands | 1,015,860 | 824,577 | 914,200 | 928,566 | 584,954 |
| Operating ROA | 7.07% | -21.67% | -1.08% | 4.66% | 8.06% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $71,824K ÷ $1,015,860K
= 7.07%
The operating return on assets (ROA) for AeroVironment Inc has fluctuated over the past five years. In the latest fiscal year (ending April 30, 2024), the operating ROA stood at 7.07%, indicating that the company generated a 7.07% return on its operating assets. This represents a significant improvement from the previous year's negative operating ROA of -21.67%.
In the fiscal year ending April 30, 2023, AeroVironment Inc experienced a negative operating ROA, suggesting that the company's operating activities were not effectively utilizing its assets to generate profits. The negative value may indicate operational inefficiencies or challenges faced by the company during that period.
Prior to the negative performance in 2023, the operating ROA was -1.08% in 2022, showing a slight improvement year-over-year but still indicating a relatively low return on operating assets. However, there was a notable increase in the operating ROA to 4.66% in 2021, followed by a further improvement to 8.06% in 2020.
Overall, the fluctuation in AeroVironment Inc's operating ROA over the past five years suggests varying levels of operational efficiency and profitability. The company's recent positive operating ROA in 2024 reflects a better utilization of its operating assets to generate returns compared to the negative performance seen in 2023. It is essential for the company to continue monitoring and improving its operational performance to sustain and enhance profitability in the future.
Peer comparison
Apr 30, 2024