AZZ Incorporated (AZZ)
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 | 101,607 | 84,805 | 37,373 | -48,529 | -52,974 | -32,413 | 9,214 | 85,762 | 84,022 | 78,560 | 77,178 | 56,410 | 39,614 | 12,811 | 15,143 | 32,491 | 48,234 | 67,728 | 61,088 | 56,774 |
| 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 |
| ROA | 4.63% | 3.84% | 1.69% | -2.20% | -2.38% | -1.47% | 0.36% | 3.08% | 7.42% | 7.57% | 7.54% | 5.43% | 3.96% | 1.27% | 1.51% | 3.09% | 4.49% | 5.78% | 5.45% | 5.00% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $101,607K ÷ $2,195,500K
= 4.63%
The return on assets (ROA) for AZZ Incorporated has fluctuated over the past 20 quarters, ranging from a low of -2.38% in February 2023 to a high of 7.57% in November 2021. The ROA indicates the company's ability to generate profits relative to its total assets. Positive values suggest efficient asset utilization, while negative values indicate potential inefficiencies or losses.
The average ROA over the period is approximately 3.36%, with the most recent figure in February 2024 standing at 4.63%. The increasing trend in ROA from the negative values in early 2023 to the positive values in late 2023 and 2024 suggests possible improvements in asset management efficiency and profitability. However, the company should continue to monitor and sustain this upward trend to ensure sustainable growth and long-term success.
Peer comparison
Feb 29, 2024