Donaldson Company Inc (DCI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 367,000 | 362,400 | 418,100 | 420,900 | 414,000 | 396,200 | 376,400 | 363,700 | 358,800 | 368,000 | 357,300 | 343,100 | 333,000 | 316,200 | 317,600 | 302,000 | 286,800 | 266,700 | 245,700 | 253,900 |
| 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 |
| ROA | 12.33% | 12.09% | 14.12% | 13.83% | 14.21% | 13.82% | 13.52% | 13.14% | 12.95% | 13.75% | 13.86% | 13.66% | 12.81% | 12.55% | 12.75% | 12.38% | 11.95% | 11.33% | 10.82% | 11.19% |
July 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $367,000K ÷ $2,977,200K
= 12.33%
The analysis of Donaldson Company Inc.'s return on assets (ROA) over the period from October 2020 through July 2025 reveals a general trend of stable to modestly improving profitability relative to total assets.
Starting in October 2020, the ROA was approximately 11.19%, indicating a moderate level of efficiency in generating profit from its asset base. Over the subsequent periods, there was a gradual upward trajectory, with the ROA increasing into early 2021, reaching around 11.33% by April 2021. The upward momentum continued into late 2021, where ROA peaked at approximately 12.38% in October 2021, reflecting improved operational efficiency or effective asset utilization.
Throughout 2022, the ROA maintained a level above 12.5%, with a notable high of 13.66% in October 2022, and further increases were observed in early 2023, with the ROA reaching 13.86% in January 2023. During this period, the company demonstrated consistent enhancements in asset productivity.
In 2023, the ROA experienced minor fluctuations but remained above 13%, with a slight decrease to 12.95% in July 2023 before rebounding to 13.14% in October 2023. The trend of slight variation persisted into 2024, with the ROA rising again to 13.82% by April 2024 and increasing further to 14.21% in July 2024, indicating an improvement in profitability relative to assets. However, a minor decline was observed in October 2024, with the ROA decreasing to 13.83%.
Moving into 2025, the ROA shown an upward trend again, reaching 14.12% in January 2025, representing the highest level in the period analyzed. This was followed by a decline to 12.09% in April 2025, and further to 12.33% in July 2025, suggesting some variability in asset efficiency or profit generation capabilities.
Overall, the company's ROA over the period exhibits a trajectory characterized by gradual improvement, peaking around 14.21% in July 2024, before experiencing some fluctuations towards the latter part of the forecast horizon. The pattern indicates a generally positive trend in asset utilization efficiency, with occasional short-term regressions. This stability and upward trend reflect positively on the company's operational effectiveness and its ability to generate profits from its asset base over time.