Acuity Brands Inc (AYI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 422,600 | 386,600 | 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 |
| 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 |
| ROA | 11.08% | 10.61% | 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% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $422,600K ÷ $3,814,600K
= 11.08%
The return on assets (ROA) for Acuity Brands Inc has shown a generally positive trend over the past few years, indicating the company's ability to generate profits relative to its total assets.
The ROA has ranged from 7.11% to 11.21% in the past 5 years, with the latest reported ROA as of August 31, 2024, standing at 11.08%. This signifies that for every dollar of assets held by the company, Acuity Brands Inc generated a profit of 11.08 cents during this period.
The consistent ROA above 10% over the past several quarters suggests effective asset utilization and profitability management by the company. Investors typically view a higher ROA favorably as it indicates efficient use of assets to generate earnings.
Overall, the ROA trend for Acuity Brands Inc reflects positively on the company's financial performance and efficiency in generating returns from its assets.
Peer comparison
Aug 31, 2024