Brady Corporation (BRC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 197,215 | 191,137 | 188,299 | 182,657 | 174,857 | 166,543 | 158,545 | 154,374 | 149,979 | 136,942 | 134,179 | 131,224 | 129,659 | 129,317 | 105,659 | 108,352 | 112,369 | 121,297 | 142,445 | 138,119 |
| 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 |
| ROA | 13.01% | 13.42% | 13.38% | 13.20% | 12.59% | 12.10% | 11.55% | 11.43% | 10.97% | 10.19% | 9.67% | 9.30% | 9.41% | 10.26% | 8.75% | 9.22% | 9.84% | 10.64% | 11.72% | 11.22% |
July 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $197,215K ÷ $1,515,570K
= 13.01%
Brady Corporation's return on assets (ROA) has shown a generally positive trend over the past few years. The ROA has been consistently increasing since October 2019, reaching a peak of 13.42% in April 2024. This indicates that the company has been effectively utilizing its assets to generate profits.
The ROA peaked at 13.42% in the latest quarter, which suggests that Brady Corporation's management has been efficient in generating earnings from its assets during this period. The consistently high ROA figures also indicate that the company is effectively managing its assets to generate profits for its shareholders.
Overall, the increasing trend in Brady Corporation's ROA reflects the company's ability to generate profits relative to its total assets, indicating good asset utilization and management efficiency. This positive performance in ROA over time can be seen as a favorable indicator of the company's financial health and operational excellence.
Peer comparison
Jul 31, 2024