Cintas Corporation (CTAS)
Operating return on assets (Operating ROA)
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,359,730 | 2,068,630 | 1,802,660 | 1,587,370 | 1,385,490 |
| Total assets | US$ in thousands | 9,825,240 | 9,168,820 | 8,546,360 | 8,147,260 | 8,236,820 |
| Operating ROA | 24.02% | 22.56% | 21.09% | 19.48% | 16.82% |
May 31, 2025 calculation
Operating ROA = Operating income ÷ Total assets
= $2,359,730K ÷ $9,825,240K
= 24.02%
The analysis of Cintas Corporation’s operating return on assets (operating ROA) over the period from May 31, 2021, to May 31, 2024, reveals a consistent upward trajectory. As of May 31, 2021, the operating ROA was reported at 16.82%. This figure increased to 19.48% by May 31, 2022, indicating improved efficiency in generating operating income relative to the assets employed. The upward trend persisted into May 31, 2023, with the operating ROA reaching 21.09%, reflecting continued advancements in operational performance and asset utilization. By May 31, 2024, the operating ROA further rose to 22.56%, underscoring sustained improvements in the company's ability to generate operating income from its assets. Data for May 31, 2025, is unavailable, precluding further year-over-year comparison for that date. Overall, the progressive increase in operating ROA over these years signifies a strengthening in operational efficiency and asset productivity for Cintas Corporation during this period.
Peer comparison
May 31, 2025