Donaldson Company Inc (DCI)

Return on assets (ROA)

		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	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019
Net income (ttm)	US$ in thousands	414,000	396,200	376,400	363,700	358,800	367,900	357,200	343,000	332,900	316,200	317,600	302,000	286,800	266,600	245,600	253,800	256,900	250,800	262,600	258,300
Total assets	US$ in thousands	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	2,244,600	2,338,500	2,262,200	2,283,300
ROA		14.21%	13.82%	13.52%	13.14%	12.95%	13.75%	13.85%	13.65%	12.80%	12.55%	12.75%	12.38%	11.95%	11.32%	10.81%	11.18%	11.45%	10.72%	11.61%	11.31%

July 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $414,000K ÷ $2,914,300K
= 14.21%

The return on assets (ROA) for Donaldson Company Inc has shown a general upward trend over the past several quarters, indicating improving efficiency in generating profits from its assets. The ROA increased from 10.72% in January 2020 to 14.21% in July 2024, reaching its highest point during this period.

This improvement suggests that the company has been effectively utilizing its assets to generate profits. A higher ROA indicates that the company is more efficient in generating profits relative to its total assets.

Investors and stakeholders may view this trend positively as it signifies the company's ability to generate higher returns from its asset base. However, it is important to continue monitoring the ROA to ensure sustained profitability and efficiency in utilizing assets.