AZZ Incorporated (AZZ)
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 | 400,927 | 215,522 | 208,091 | 211,225 | 173,638 | 153,985 | 129,882 | 85,703 | 88,506 | 76,601 | 83,182 | 63,872 | 47,478 | 35,575 | 41,132 | 62,687 | 79,343 | 99,995 | 89,336 | 84,234 |
| Total assets | US$ in thousands | 2,195,500 | 2,208,760 | 2,214,560 | 2,205,980 | 2,221,480 | 2,199,470 | 2,584,750 | 2,782,290 | 1,133,030 | 1,037,580 | 1,023,240 | 1,039,240 | 999,227 | 1,009,870 | 999,952 | 1,050,770 | 1,073,830 | 1,172,570 | 1,120,120 | 1,135,680 |
| Operating ROA | 18.26% | 9.76% | 9.40% | 9.58% | 7.82% | 7.00% | 5.02% | 3.08% | 7.81% | 7.38% | 8.13% | 6.15% | 4.75% | 3.52% | 4.11% | 5.97% | 7.39% | 8.53% | 7.98% | 7.42% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $400,927K ÷ $2,195,500K
= 18.26%
Operating Return on Assets (Operating ROA) for AZZ Incorporated has shown a positive trend over the past few quarters, indicating the company's ability to generate operating profits relative to its asset base. The ratio has increased from 7.42% in May 2019 to 18.26% in February 2024, reflecting significant improvement.
This upward trend suggests that AZZ has been effectively utilizing its assets to generate operating income, which is a positive sign for investors. The operating ROA surpassed 10% consistently since August 2022, indicating sustained profitability and operational efficiency.
The recent peak of 18.26% in February 2024 indicates a strong performance and efficient management of resources. Overall, the increasing trend in operating ROA demonstrates AZZ's ability to effectively generate profits from its operating activities in relation to the assets employed, which can be seen as a favorable indicator of financial health and operational effectiveness.
Peer comparison
Feb 29, 2024