Enersys (ENS)
Return on assets (ROA)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 269,096 | 274,134 | 242,386 | 211,629 | 175,810 | 137,952 | 129,806 | 130,960 | 143,911 | 149,655 | 152,015 | 152,120 | 143,374 | 108,015 | 96,696 | 123,663 | 137,116 | 157,177 | 178,289 | 163,015 |
| Total assets | US$ in thousands | 3,466,010 | 3,502,640 | 3,492,990 | 3,480,980 | 3,616,670 | 3,567,870 | 3,624,160 | 3,721,910 | 3,736,650 | 3,591,400 | 3,517,450 | 3,472,440 | 3,462,800 | 3,475,230 | 3,333,220 | 3,284,740 | 3,301,700 | 3,341,430 | 3,290,810 | 3,182,420 |
| ROA | 7.76% | 7.83% | 6.94% | 6.08% | 4.86% | 3.87% | 3.58% | 3.52% | 3.85% | 4.17% | 4.32% | 4.38% | 4.14% | 3.11% | 2.90% | 3.76% | 4.15% | 4.70% | 5.42% | 5.12% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $269,096K ÷ $3,466,010K
= 7.76%
Enersys' return on assets (ROA) has shown fluctuations over the past few quarters. The ROA ranged from a low of 2.90% on Sep 30, 2020, to a high of 7.83% on Dec 31, 2023. The highest ROA of 7.83% on Dec 31, 2023 indicates that Enersys generated a profit of $0.0783 for every dollar of assets it possessed during that period.
Overall, Enersys' ROA has been trending upwards since the low point in Sep 30, 2020, reflecting improved efficiency in the utilization of its assets to generate profits. However, there have been fluctuations in the ROA, which may be influenced by various factors such as changes in revenue, expenses, asset allocation, or economic conditions.
It is important for investors and stakeholders to monitor Enersys' ROA consistently to assess the company's profitability and efficiency in generating returns from its investments in assets.
Peer comparison
Mar 31, 2024