Brady Corporation (BRC)
Return on assets (ROA)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 197,215 | 174,857 | 149,979 | 129,659 | 112,369 |
| Total assets | US$ in thousands | 1,515,570 | 1,389,260 | 1,367,330 | 1,377,760 | 1,142,470 |
| ROA | 13.01% | 12.59% | 10.97% | 9.41% | 9.84% |
July 31, 2024 calculation
ROA = Net income ÷ Total assets
= $197,215K ÷ $1,515,570K
= 13.01%
The Return on Assets (ROA) of Brady Corporation has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits relative to its total assets. The ROA increased from 9.84% in 2020 to 13.01% in 2024. This suggests that Brady Corporation has been more efficient in utilizing its assets to generate profits over the years. The consistent upward trajectory of the ROA reflects positively on the company's operational efficiency and management of assets. Overall, the increasing trend in ROA indicates that Brady Corporation has been growing more profitable in relation to its asset base, which is a positive sign for investors and stakeholders.
Peer comparison
Jul 31, 2024