AZZ Incorporated (AZZ)
Operating return on assets (Operating ROA)
| Feb 28, 2025 | Nov 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 236,364 | 238,203 | 232,492 | 225,853 | 221,600 | 198,994 | 191,563 | 194,697 | 169,111 | 162,974 | 147,673 | 110,060 | 100,862 | 106,104 | 103,883 | 78,007 | 61,613 | 35,575 | 41,132 | 62,687 |
| Total assets | US$ in thousands | 2,227,100 | 2,244,550 | 2,240,330 | 2,235,780 | 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 | 996,442 | 1,009,870 | 999,952 | 1,050,770 |
| Operating ROA | 10.61% | 10.61% | 10.38% | 10.10% | 10.09% | 9.01% | 8.65% | 8.83% | 7.61% | 7.41% | 5.71% | 3.96% | 8.90% | 10.23% | 10.15% | 7.51% | 6.18% | 3.52% | 4.11% | 5.97% |
February 28, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $236,364K ÷ $2,227,100K
= 10.61%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's ability to generate profits from its operating activities relative to its total assets. In the case of AZZ Incorporated, the Operating ROA has shown fluctuations over the reporting periods.
From May 31, 2020, to February 28, 2025, the Operating ROA ranged from a low of 3.52% in November 30, 2020, to a high of 10.61% in several periods (November 30, 2024, and February 28, 2025). The trend in Operating ROA shows some volatility but generally indicates a positive performance in terms of generating operating profits relative to the company's assets.
Notable increases in Operating ROA were observed in recent periods, such as August 31, 2021, where it increased to 10.15% and continued to improve in subsequent periods until reaching a peak of 10.61% in November 30, 2024, and February 28, 2025. This upward trend suggests that AZZ Incorporated has been able to enhance its operating efficiency and profitability over time.
However, it is worth noting that there were some decreases in Operating ROA in certain periods, such as May 31, 2022, where it dropped to 3.96%. Despite these fluctuations, the overall trend indicates an improvement in the company's ability to generate profits from its operating activities relative to the total assets.
In conclusion, the analysis of AZZ Incorporated's Operating ROA suggests a generally positive performance, with periods of improvement reflecting the company's efficiency in utilizing its assets to generate operating profits.
Peer comparison
Feb 28, 2025