Brady Corporation (BRC)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 243,414 | 239,244 | 238,702 | 233,557 | 225,213 | 216,084 | 205,972 | 200,063 | 193,012 | 180,898 | 174,734 | 169,274 | 167,127 | 159,544 | 135,488 | 139,320 | 138,023 | 150,959 | 167,911 | 162,697 |
| Total assets | US$ in thousands | 1,515,570 | 1,424,100 | 1,407,600 | 1,383,410 | 1,389,260 | 1,376,770 | 1,372,270 | 1,350,630 | 1,367,330 | 1,344,240 | 1,387,060 | 1,410,480 | 1,377,760 | 1,260,180 | 1,207,880 | 1,175,710 | 1,142,470 | 1,140,340 | 1,215,800 | 1,231,220 |
| Operating ROA | 16.06% | 16.80% | 16.96% | 16.88% | 16.21% | 15.69% | 15.01% | 14.81% | 14.12% | 13.46% | 12.60% | 12.00% | 12.13% | 12.66% | 11.22% | 11.85% | 12.08% | 13.24% | 13.81% | 13.21% |
July 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $243,414K ÷ $1,515,570K
= 16.06%
Brady Corporation's operating return on assets (operating ROA) has shown a general upward trend over the past two years, indicating an improvement in the company's ability to generate operating profit relative to its total assets. The operating ROA increased from 12.13% in October 2021 to 16.96% in January 2024, reaching its peak during this period.
This positive trend suggests that Brady Corporation has been effectively utilizing its assets to generate operating income. A higher operating ROA indicates that the company is efficiently managing its operations to generate profits from its asset base.
Investors and stakeholders may view this steady improvement in operating ROA positively as it signifies the company's operational efficiency and profitability. However, it is important to continue monitoring this metric to assess the sustainability of Brady Corporation's performance in generating returns from its assets.
Peer comparison
Jul 31, 2024