Acuity Brands Inc (AYI)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 553,300 | 473,400 | 509,700 | 427,600 | 353,900 |
| Total assets | US$ in thousands | 3,814,600 | 3,408,500 | 3,480,200 | 3,575,100 | 3,491,700 |
| Operating ROA | 14.50% | 13.89% | 14.65% | 11.96% | 10.14% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $553,300K ÷ $3,814,600K
= 14.50%
Acuity Brands Inc has demonstrated a consistent improvement in its operating return on assets (operating ROA) over the past five years. The company's operating ROA increased steadily from 10.14% in 2020 to 14.50% in 2024. This indicates that the company has been effectively utilizing its assets to generate operating income.
The upward trend in operating ROA reflects the company's ability to efficiently manage its operations and generate profits relative to its asset base. It suggests that Acuity Brands has been successful in optimizing its asset utilization and driving profitability.
Overall, the increasing trend in operating ROA for Acuity Brands Inc signifies a positive performance in terms of generating operating income from its assets over the period under consideration. This trend is indicative of the company's operational efficiency and financial strength.
Peer comparison
Aug 31, 2024