Enerpac Tool Group Corp (EPAC)
Return on assets (ROA)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 85,749 | 83,564 | 70,166 | 56,846 | 46,561 | 34,364 | 23,627 | 20,351 | 15,686 | 10,918 | 34,306 | 36,267 | 38,077 | 34,250 | 4,220 | 3,200 | 723 | -267,580 | -230,163 | -229,572 |
| Total assets | US$ in thousands | 777,328 | 749,464 | 769,286 | 765,567 | 762,597 | 793,074 | 773,187 | 774,401 | 757,312 | 797,299 | 821,462 | 812,468 | 820,247 | 842,702 | 809,001 | 838,575 | 824,294 | 851,535 | 879,342 | 908,512 |
| ROA | 11.03% | 11.15% | 9.12% | 7.43% | 6.11% | 4.33% | 3.06% | 2.63% | 2.07% | 1.37% | 4.18% | 4.46% | 4.64% | 4.06% | 0.52% | 0.38% | 0.09% | -31.42% | -26.17% | -25.27% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $85,749K ÷ $777,328K
= 11.03%
ROA, or return on assets, measures a company's ability to generate profit from its assets. A higher ROA indicates better efficiency in asset utilization.
Looking at the historical ROA data for Enerpac Tool Group Corp, we observe a fluctuating trend over time. The ROA has shown an increasing pattern, with occasional dips, from -31.42% in November 2019 to 11.03% in August 2024.
The company's ROA steadily improved from negative territory to positive levels, with occasional spikes and drops in between. This trend suggests that Enerpac Tool Group Corp has gradually become more efficient in generating profits from its assets over the years.
Overall, the increasing ROA trend indicates that the company has been effectively managing its assets to enhance profitability, which is a positive sign for stakeholders and investors. It suggests that the company is making better use of its resources to generate returns for shareholders.
Peer comparison
Aug 31, 2024