AeroVironment Inc (AVAV)
Return on assets (ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 59,666 | -176,167 | -4,185 | 23,345 | 41,070 |
| Total assets | US$ in thousands | 1,015,860 | 824,577 | 914,200 | 928,566 | 584,954 |
| ROA | 5.87% | -21.36% | -0.46% | 2.51% | 7.02% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $59,666K ÷ $1,015,860K
= 5.87%
AeroVironment Inc's Return on Assets (ROA) has fluctuated over the past five years. The company experienced a significant decrease in ROA in April 2023, with a negative value of -21.36%, indicating that the company's assets were not effectively generating profits during that period. This negative ROA suggests inefficiency in asset utilization.
In the following years, AeroVironment Inc improved its ROA performance, reaching 5.87% in April 2024. This suggests that the company's ability to generate profits from its assets has increased significantly compared to the previous year. However, it is important to note that the ROA remains below the levels achieved in April 2020 and April 2021, when it was at 7.02% and 2.51%, respectively.
Overall, AeroVironment Inc's ROA trend indicates fluctuations in the company's efficiency in generating profits from its assets. Monitoring this ratio over time can provide insights into the company's operational efficiency and effectiveness in utilizing its assets to create value for shareholders.
Peer comparison
Apr 30, 2024