Enersys (ENS)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 351,570 | 295,646 | 206,200 | 216,400 | 102,856 |
| Total assets | US$ in thousands | 3,466,010 | 3,616,670 | 3,736,650 | 3,462,800 | 3,301,700 |
| Operating ROA | 10.14% | 8.17% | 5.52% | 6.25% | 3.12% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $351,570K ÷ $3,466,010K
= 10.14%
Enersys' operating return on assets (ROA) has shown a positive trend over the past five years. The operating ROA increased from 5.76% in 2020 to 10.14% in 2024, indicating an improvement in the company's ability to generate operating profits relative to its assets. This suggests that Enersys has been able to effectively utilize its assets to drive profitability and efficiency in its operations.
The consistent growth in operating ROA from 2020 to 2024 reflects Enersys' strengthening operational performance and enhanced asset management strategies during this period. The rise in operating ROA signifies that the company has been able to generate higher operational earnings per dollar of assets employed. This improvement suggests that Enersys has been successful in enhancing its operational efficiency and profitability over the years.
Overall, the increasing trend in Enersys' operating ROA demonstrates a positive trajectory in the company's operational performance and asset utilization efficiency, reflecting well on its financial health and management effectiveness.
Peer comparison
Mar 31, 2024