ESCO Technologies Inc (ESE)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 92,545 | 82,320 | 63,496 | 99,411 | 81,039 |
| Total assets | US$ in thousands | 1,683,210 | 1,654,460 | 1,577,340 | 1,370,190 | 1,466,700 |
| ROA | 5.50% | 4.98% | 4.03% | 7.26% | 5.53% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $92,545K ÷ $1,683,210K
= 5.50%
The return on assets (ROA) for Esco Technologies, Inc. has shown some variation over the past five years. In 2023, the ROA stands at 5.50%, marking an increase from the previous year's 4.98%. This indicates that the company generated 5.50 cents of profit for every dollar of assets in 2023. Comparatively, the ROA was lower in 2021 at 4.03% and in 2019 at 5.53%. Notably, the ROA was significantly higher at 7.42% in 2020. The fluctuation in ROA suggests varying levels of efficiency in the utilization of the company's assets to generate profit over the period. Further analysis of the company's financial performance and operational efficiency is recommended to understand the factors driving these changes in ROA.
Peer comparison
Sep 30, 2023