Donaldson Company Inc (DCI)
Operating return on assets (Operating ROA)
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 495,400 | 489,900 | 546,100 | 550,300 | 544,100 | 518,500 | 498,900 | 485,500 | 480,200 | 488,900 | 475,900 | 455,300 | 443,500 | 426,200 | 424,600 | 405,000 | 384,700 | 355,200 | 330,300 | 338,700 |
| Total assets | US$ in thousands | 2,977,200 | 2,996,500 | 2,961,300 | 3,043,600 | 2,914,300 | 2,866,100 | 2,783,500 | 2,768,600 | 2,770,500 | 2,675,500 | 2,578,600 | 2,512,000 | 2,600,300 | 2,519,200 | 2,491,300 | 2,438,500 | 2,400,200 | 2,354,600 | 2,271,100 | 2,269,400 |
| Operating ROA | 16.64% | 16.35% | 18.44% | 18.08% | 18.67% | 18.09% | 17.92% | 17.54% | 17.33% | 18.27% | 18.46% | 18.12% | 17.06% | 16.92% | 17.04% | 16.61% | 16.03% | 15.09% | 14.54% | 14.92% |
July 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $495,400K ÷ $2,977,200K
= 16.64%
The operating return on assets (ROA) for Donaldson Company Inc. demonstrates a generally positive trend over the analyzed period, reflecting operational efficiency and effective utilization of assets to generate earnings before interest and taxes (EBIT). Starting at 14.92% as of October 31, 2020, the metric exhibits a steady upward trajectory, reaching a peak of approximately 18.67% on July 31, 2024.
Throughout the period, the operating ROA experienced notable growth, with incremental increases observed in the first half of the timeline—progressing from mid-teens to the high teens, indicating improving operational performance. From October 2020 through October 2024, the rate increased consistently, suggesting that the company was effectively managing its operating assets to produce higher returns.
Following the peak in mid-2024, a slight decline is evident, with the measure decreasing to approximately 18.08% as of October 31, 2024. This dip may reflect a temporary slowdown in operational efficiency or increased asset base relative to earnings, which can occur due to strategic investments, market conditions, or operational adjustments. The subsequent data points show a minor recovery to around 18.44% by January 2025 before a more pronounced decline to 16.35% in April 2025 and a subsequent slight increase to 16.64% by July 2025.
Overall, the company's operating ROA indicates a strong and improving core operating performance during the initial part of the period, with the highest efficiencies observed in mid to late 2024. The fluctuations thereafter suggest periods of operational challenges or strategic changes impacting asset efficiency, though the rate remains relatively high compared to earlier measurements. The data underscores an overall positive trend in operational profitability relative to assets over the examined timeline, with short-term variations reflecting adaptive responses to internal or external factors.