CSW Industrials Inc (CSWI)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,648 | 96,435 | 66,385 | 40,099 | 45,717 |
| Total assets | US$ in thousands | 1,043,330 | 1,043,450 | 995,360 | 874,957 | 369,245 |
| ROA | 9.74% | 9.24% | 6.67% | 4.58% | 12.38% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $101,648K ÷ $1,043,330K
= 9.74%
CSW Industrials Inc's return on assets (ROA) has shown variability over the past five years. The ROA increased from 4.56% in March 2021 to 12.22% in March 2020, demonstrating a significant improvement in the company's ability to generate profit relative to its total assets. However, in the subsequent years, the ROA declined, reaching 6.67% in March 2022 and 9.24% in March 2023.
In the latest period ending March 31, 2024, CSW Industrials Inc's ROA stood at 9.74%, indicating a slight increase compared to the previous year. This suggests that the company has been able to maintain a relatively stable return on its assets, albeit at levels lower than the peak observed in March 2020.
Overall, while there have been fluctuations in CSW Industrials Inc's ROA in recent years, the company has generally been able to generate a positive return on its assets, reflecting its efficiency in utilizing its resources to generate earnings. Continued monitoring of ROA trends will be essential to assess the company's performance and efficiency in asset utilization.
Peer comparison
Mar 31, 2024