Enerpac Tool Group Corp (EPAC)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 121,587 | 83,922 | 30,660 | 51,113 | 24,181 |
| Total assets | US$ in thousands | 777,328 | 762,597 | 757,312 | 820,247 | 824,294 |
| Operating ROA | 15.64% | 11.00% | 4.05% | 6.23% | 2.93% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $121,587K ÷ $777,328K
= 15.64%
Enerpac Tool Group Corp's operating return on assets (operating ROA) has shown a positive trend over the past five years, indicating an improvement in the company's operational efficiency and profitability.
In 2020, the operating ROA was at 2.93%, reflecting a relatively lower return on assets. However, there has been a significant increase in subsequent years, with the operating ROA reaching 6.23% in 2021, further improving to 4.05% in 2022, and experiencing a notable jump to 11.00% in 2023.
The most recent data point shows that as of August 31, 2024, Enerpac Tool Group Corp's operating ROA stood at 15.64%, indicating a robust performance and suggesting that the company is efficiently utilizing its assets to generate operating income.
Overall, the increasing trend in operating ROA signifies that Enerpac Tool Group Corp has been able to enhance its operational performance and profitability over the analyzed period, which is a positive indicator for investors and stakeholders.
Peer comparison
Aug 31, 2024