AZZ Incorporated (AZZ)
Return on assets (ROA)
| Feb 28, 2025 | Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,833 | 101,607 | 66,339 | 84,022 | 39,614 |
| Total assets | US$ in thousands | 2,227,100 | 2,195,500 | 2,221,480 | 1,133,030 | 996,442 |
| ROA | 5.78% | 4.63% | 2.99% | 7.42% | 3.98% |
February 28, 2025 calculation
ROA = Net income ÷ Total assets
= $128,833K ÷ $2,227,100K
= 5.78%
AZZ Incorporated's return on assets (ROA) has shown fluctuations over the past five years, ranging from 2.99% to 7.42%.
In February 2022, the ROA increased significantly to 7.42%, indicating the company generated a higher level of income relative to its total assets. This could suggest improved operational efficiency or better asset utilization during that period.
However, in the subsequent years, the ROA experienced some volatility. In February 2023, it dropped to 2.99%, indicating a decrease in profitability in relation to the assets held. This decline may raise concerns about the company's ability to generate earnings from its investments.
By February 2025, the ROA had recovered to 5.78%, reflecting a moderate improvement in asset productivity and profitability. Overall, AZZ Incorporated's ROA performance suggests varying levels of efficiency in utilizing its assets to generate earnings, highlighting the importance of monitoring and managing asset utilization to drive sustainable profitability.
Peer comparison
Feb 28, 2025