AeroVironment Inc (AVAV)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 71,824 | -99,803 | -109,530 | -149,022 | -178,663 | 32 | -18,701 | -1,048 | -9,887 | -5,140 | 22,884 | 31,842 | 65,250 | 66,385 | 57,630 | 51,977 | 44,880 | 53,852 | 48,868 | 52,755 |
| Total assets | US$ in thousands | 1,015,860 | 980,299 | 1,006,700 | 826,060 | 824,577 | 921,202 | 891,682 | 896,654 | 914,200 | 905,263 | 925,307 | 908,553 | 928,566 | 588,007 | 577,819 | 584,954 | 534,582 | 508,844 | 486,567 | 480,361 |
| Operating ROA | 7.07% | -10.18% | -10.88% | -18.04% | -21.67% | 0.00% | -2.10% | -0.12% | -1.08% | -0.57% | 2.47% | 3.50% | 7.03% | 11.29% | 9.97% | 8.89% | 8.40% | 10.58% | 10.04% | 10.98% |
April 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $71,824K ÷ $1,015,860K
= 7.07%
Operating return on assets (operating ROA) measures a company's efficiency in generating profits from its operational assets. Looking at AeroVironment Inc's historical operating ROA performance over the past few years, we observe fluctuations in the ratio.
The operating ROA for AeroVironment Inc stood at 7.07% as of April 30, 2024, indicating that the company generated a return of 7.07 cents for every dollar of operational assets deployed. This signifies a positive trend compared to the negative operating ROA figures in the previous three quarters, with the lowest being -21.67% on April 30, 2023.
The company experienced a significant improvement in operating ROA from the negative figures, posting 0.00% on January 29, 2023, followed by positive returns in the subsequent quarters. Notably, the operating ROA peaked at 11.29% on April 30, 2021, before decreasing slightly to 7.03% on July 31, 2021.
Overall, AeroVironment Inc's operating ROA has displayed volatility over the periods analyzed. The company has shown resilience by recovering from negative returns and achieving positive operating ROA figures. It is essential for investors and stakeholders to monitor the operating ROA trend to assess the company's ability to efficiently utilize its operational assets to generate profits in the future.
Peer comparison
Apr 30, 2024