Acuity Brands Inc (AYI)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 422,600 | 346,000 | 384,000 | 306,300 | 248,300 |
| Total assets | US$ in thousands | 3,814,600 | 3,408,500 | 3,480,200 | 3,575,100 | 3,491,700 |
| ROA | 11.08% | 10.15% | 11.03% | 8.57% | 7.11% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $422,600K ÷ $3,814,600K
= 11.08%
Based on the data provided for Acuity Brands Inc, the return on assets (ROA) has shown a consistent upward trend over the past five years. The ROA increased from 7.11% in August 2020 to 11.08% in August 2024, indicating the company's improved ability to generate earnings relative to its total assets. This suggests that Acuity Brands has been effective in utilizing its assets to generate profits for its shareholders.
Overall, the increasing trend in ROA signifies the company's improved efficiency in generating profits from its asset base over the years, which can be seen as a positive indicator of its financial performance and management effectiveness.
Peer comparison
Aug 31, 2024