Acuity Brands Inc (AYI)
Operating return on assets (Operating ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 504,000 | 497,400 | 473,400 | 513,300 | 512,700 | 503,500 | 509,700 | 492,900 | 468,300 | 457,000 | 427,600 | 400,700 | 365,600 | 356,000 | 353,900 | 378,300 | 415,600 | 430,100 | 462,900 | 476,300 |
| Total assets | US$ in thousands | 3,525,800 | 3,463,900 | 3,408,500 | 3,438,900 | 3,383,800 | 3,436,600 | 3,480,200 | 3,615,500 | 3,679,200 | 3,605,600 | 3,575,100 | 3,560,300 | 3,360,200 | 3,388,600 | 3,491,700 | 3,442,300 | 3,396,700 | 3,305,200 | 3,172,400 | 3,121,100 |
| Operating ROA | 14.29% | 14.36% | 13.89% | 14.93% | 15.15% | 14.65% | 14.65% | 13.63% | 12.73% | 12.67% | 11.96% | 11.25% | 10.88% | 10.51% | 10.14% | 10.99% | 12.24% | 13.01% | 14.59% | 15.26% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $504,000K ÷ $3,525,800K
= 14.29%
Acuity Brands Inc's operating return on assets (operating ROA) has shown some fluctuations over the past several periods. The operating ROA was relatively stable around 14% in the most recent quarters, indicating the company's ability to generate operating income from its assets. The highest operating ROA of 15.26% was observed in the first quarter of 2019, suggesting a strong operational efficiency and profitability during that period.
However, there was a slight decline in operating ROA in the most recent quarters compared to the peak in early 2019. Despite these fluctuations, Acuity Brands Inc has generally maintained a healthy operating ROA above 10%, demonstrating effective asset utilization and generating consistent returns from its operations.
Overall, the trend in Acuity Brands Inc's operating ROA indicates a solid performance in generating operating income relative to its assets, although there have been some variations in the ratio over the past few quarters.
Peer comparison
Feb 29, 2024