Enerpac Tool Group Corp (EPAC)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 85,749 | 46,561 | 15,686 | 38,077 | 723 |
| Total assets | US$ in thousands | 777,328 | 762,597 | 757,312 | 820,247 | 824,294 |
| ROA | 11.03% | 6.11% | 2.07% | 4.64% | 0.09% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $85,749K ÷ $777,328K
= 11.03%
The return on assets (ROA) of Enerpac Tool Group Corp has shown an improving trend over the past five years. The ROA increased from 0.09% in 2020 to 11.03% in 2024, indicating a significant improvement in the company's ability to generate profits relative to its total assets.
This upward trend in ROA suggests that Enerpac Tool Group Corp has been more effective in utilizing its assets to generate profits over the years. The company's performance in 2024 stands out with an ROA of 11.03%, reflecting a strong profitability relative to its asset base.
Overall, the increasing trend in ROA indicates that Enerpac Tool Group Corp has been successful in enhancing its operational efficiency and profitability, potentially due to better management of its assets and strategic decision-making.
Peer comparison
Aug 31, 2024