Enersys (ENS)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 269,096 | 175,810 | 143,911 | 143,374 | 137,116 |
| Total assets | US$ in thousands | 3,466,010 | 3,616,670 | 3,736,650 | 3,462,800 | 3,301,700 |
| ROA | 7.76% | 4.86% | 3.85% | 4.14% | 4.15% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $269,096K ÷ $3,466,010K
= 7.76%
Enersys' return on assets (ROA) has shown a positive trend over the past five years. In the fiscal year ending March 31, 2024, the company achieved an ROA of 7.76%, which represents a significant improvement compared to the prior year's ROA of 4.86%. This indicates that Enersys was more efficient in generating profits from its assets in the most recent year.
Furthermore, the ROA has been generally increasing from 3.85% in 2022 to 4.14% in 2021 and 4.15% in 2020. This upward trend suggests that Enersys has been successful in utilizing its assets more effectively over the years.
Overall, the upward trajectory of Enersys' ROA indicates improving asset utilization and profitability, signaling favorable performance and efficiency in the company's operations and investments.
Peer comparison
Mar 31, 2024