Cintas Corporation (CTAS)
Return on assets (ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,571,590 | 1,348,010 | 1,235,760 | 1,110,970 | 876,037 |
| Total assets | US$ in thousands | 9,168,820 | 8,546,360 | 8,147,260 | 8,236,820 | 7,669,880 |
| ROA | 17.14% | 15.77% | 15.17% | 13.49% | 11.42% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,571,590K ÷ $9,168,820K
= 17.14%
Cintas Corporation's Return on Assets (ROA) has been showing a positive trend over the past five years, indicating improving efficiency in generating profits from its assets. The ROA has steadily increased from 11.42% in 2020 to 17.14% in 2024. This suggests that the company has been effectively utilizing its assets to generate earnings for its shareholders. The consistent growth in ROA demonstrates a strong operational performance and management efficiency in utilizing the resources at its disposal. Overall, the increasing trend in ROA reflects positively on Cintas Corporation's ability to generate higher returns relative to its asset base over the years.
Peer comparison
May 31, 2024