Acuity Brands Inc (AYI)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 553,300 | 506,000 | 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 |
| Total assets | US$ in thousands | 3,814,600 | 3,642,900 | 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 |
| Operating ROA | 14.50% | 13.89% | 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% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $553,300K ÷ $3,814,600K
= 14.50%
Acuity Brands Inc's operating return on assets (ROA) has displayed fluctuating trends over the past years, ranging from a low of 10.14% in November 2020 to a high of 15.15% in February 2023. The average operating ROA during this period was approximately 13.48%.
The operating ROA measures the company's ability to generate profits from its assets employed in operations. Acuity Brands Inc's operating ROA has generally been above 10% over the years, indicating that the company has been relatively efficient in utilizing its assets to generate operating profits.
The increasing trend observed from November 2021 to February 2023, where operating ROA rose from 12.67% to 15.15%, suggests improvements in operational efficiency and profitability during that period. However, there was a slight decline in the operating ROA in the most recent period from May 2024 to August 2024.
Investors and stakeholders typically view a higher operating ROA favorably, as it signifies better asset utilization and profitability. Acuity Brands Inc's operating ROA performance reflects a mix of effective asset management and operational performance, highlighting the company's ability to generate returns from its operational activities.
Peer comparison
Aug 31, 2024