Acuity Brands Inc (AYI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 377,700 | 371,700 | 346,000 | 378,500 | 379,200 | 371,300 | 384,000 | 366,700 | 346,700 | 334,300 | 306,300 | 281,900 | 256,600 | 250,900 | 248,300 | 270,700 | 298,700 | 307,800 | 330,400 | 342,500 |
| 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 |
| ROA | 10.71% | 10.73% | 10.15% | 11.01% | 11.21% | 10.80% | 11.03% | 10.14% | 9.42% | 9.27% | 8.57% | 7.92% | 7.64% | 7.40% | 7.11% | 7.86% | 8.79% | 9.31% | 10.41% | 10.97% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $377,700K ÷ $3,525,800K
= 10.71%
Acuity Brands Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA ranged from 7.11% to 11.21% during the period under review. The highest ROA was observed in May 2023 at 11.21%, indicating that the company generated a higher level of profit relative to its assets during that period.
On average, Acuity Brands Inc maintained a healthy ROA of above 10% in most quarters, which suggests efficient management of its assets to generate profit. However, there were a few quarters where the ROA dipped below 10%, such as in May 2020 and August 2021, indicating potential challenges in asset utilization during those periods.
Overall, Acuity Brands Inc has demonstrated a solid performance in terms of generating returns from its assets, with an average ROA of 9.89% over the period analyzed. It is important for the company to continue monitoring and optimizing its asset management strategies to ensure sustainable profitability in the future.
Peer comparison
Feb 29, 2024