Enerpac Tool Group Corp (EPAC)
Return on assets (ROA)
| 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 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 75,524 | 62,204 | 51,919 | 39,722 | 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 | -249,145 | -19,946 |
| Total assets | US$ in thousands | 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 | 1,124,270 | 1,393,160 |
| ROA | 9.82% | 8.13% | 6.81% | 5.01% | 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% | -22.16% | -1.43% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $75,524K ÷ $769,286K
= 9.82%
The return on assets (ROA) for Enerpac Tool Group Corp has shown fluctuations over the past several quarters, ranging from negative figures to positive percentages. The ROA has generally been improving in recent periods, indicating an increasing efficiency in generating profits relative to its asset base.
The company experienced a significant downturn in ROA in the previous quarters, with negative percentages in May 2020, February 2020, and November 2019, likely indicating operational challenges or asset impairments during those periods.
In contrast, the ROA has been trending positively since then, reaching 9.82% as of February 2024. This improvement could signify better asset utilization, cost management, or revenue generation strategies implemented by the company. The consistent increase in ROA suggests that Enerpac Tool Group Corp has been able to generate a higher return on its assets, which is a positive sign for investors and stakeholders.
It is important for the company to sustain and potentially further enhance this positive trend in ROA to ensure long-term profitability and value creation for its shareholders. Monitoring the ROA over future quarters will provide insights into the company's financial performance and management effectiveness.
Peer comparison
Feb 29, 2024