Cintas Corporation (CTAS)
Operating return on assets (Operating ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,068,633 | 1,991,837 | 1,917,849 | 1,863,100 | 1,802,664 | 1,736,302 | 1,697,095 | 1,633,389 | 1,587,370 | 1,539,380 | 1,458,243 | 1,429,887 | 1,385,492 | 1,236,480 | 1,224,664 | 1,206,256 | 1,162,696 | 1,269,673 | 1,233,276 | 1,174,452 |
| Total assets | US$ in thousands | 9,168,820 | 8,978,880 | 8,813,870 | 8,719,680 | 8,546,360 | 8,466,000 | 8,427,010 | 8,261,030 | 8,147,260 | 8,168,600 | 8,017,410 | 7,857,750 | 8,236,820 | 8,347,500 | 8,454,750 | 8,043,380 | 7,669,880 | 7,901,980 | 7,887,340 | 7,661,900 |
| Operating ROA | 22.56% | 22.18% | 21.76% | 21.37% | 21.09% | 20.51% | 20.14% | 19.77% | 19.48% | 18.85% | 18.19% | 18.20% | 16.82% | 14.81% | 14.48% | 15.00% | 15.16% | 16.07% | 15.64% | 15.33% |
May 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,068,633K ÷ $9,168,820K
= 22.56%
Operating return on assets (ROA) is a key financial ratio that measures a company's ability to generate operating profits from its assets. Cintas Corporation's operating ROA has shown a consistent upward trend over the past few quarters, indicating an improvement in the company's operational efficiency and profitability.
The operating ROA for Cintas Corporation has increased from 15.33% in August 2019 to 22.56% in May 2024, reflecting a positive trajectory. This suggests that Cintas has been effectively utilizing its assets to generate operating income during this period. The company's ability to maintain a high operating ROA indicates efficient management of its resources and operations.
Overall, the increasing trend in Cintas Corporation's operating ROA demonstrates the company's effectiveness in generating profits from its operational activities relative to its asset base. This indicates a sound financial performance and operational efficiency, highlighting the company's ability to generate strong returns for its shareholders.
Peer comparison
May 31, 2024