Calavo Growers Inc (CVGW)
Operating return on assets (Operating ROA)
| 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 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,019 | 3,792 | 7,370 | 536 | 8,368 | 5,986 | -13,777 | -21,137 | -16,573 | -9,867 | 14,390 | 37,663 | 36,317 | 32,162 | 34,477 | 38,567 | 54,049 | 71,046 | 68,694 | 66,316 |
| Total assets | US$ in thousands | 394,683 | 386,854 | 414,940 | 407,158 | 396,496 | 385,746 | 430,525 | 468,292 | 468,632 | 445,402 | 459,318 | 474,310 | 446,452 | 429,624 | 437,265 | 475,502 | 471,398 | 390,360 | 413,047 | 409,204 |
| Operating ROA | 0.76% | 0.98% | 1.78% | 0.13% | 2.11% | 1.55% | -3.20% | -4.51% | -3.54% | -2.22% | 3.13% | 7.94% | 8.13% | 7.49% | 7.88% | 8.11% | 11.47% | 18.20% | 16.63% | 16.21% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,019K ÷ $394,683K
= 0.76%
Operating return on assets (operating ROA) is a key financial ratio that indicates how efficiently a company generates profits from its assets used in its core operations. Calavo Growers Inc's operating ROA has shown significant fluctuations over the past several quarters.
In the latest period, as of January 31, 2024, Calavo Growers Inc's operating ROA was at 0.76%, which is lower than the previous quarter's figure of 0.98%. This indicates a decrease in the company's efficiency in generating operating profit from its assets.
Looking back over the past two years, the operating ROA has ranged from negative figures in the third and fourth quarters of 2022 to significant gains in the first and second quarters of 2021. The highest operating ROA was recorded in the third quarter of 2019 at 18.20%.
Overall, the fluctuating trend in Calavo Growers Inc's operating ROA suggests varying levels of operational efficiency and profitability. Investors and stakeholders may want to closely monitor future changes in this ratio to assess the company's ability to generate profits from its assets in a consistent manner.