ESCO Technologies Inc (ESE)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,881 | 92,545 | 82,320 | 63,496 | 99,411 |
| Total assets | US$ in thousands | 1,838,620 | 1,683,210 | 1,654,460 | 1,577,340 | 1,370,190 |
| ROA | 5.54% | 5.50% | 4.98% | 4.03% | 7.26% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $101,881K ÷ $1,838,620K
= 5.54%
ESCO Technologies Inc's return on assets (ROA) has shown a consistent trend over the past five years. In the most recent fiscal year ending September 30, 2024, the company's ROA stood at 5.54%, compared to 5.50% in the previous year, indicating a slight improvement. The ROA has generally been increasing over the period, with 2020 being an outlier with a significantly higher ROA of 7.26%.
The upward trend in ROA signifies that ESCO Technologies Inc has been effectively utilizing its assets to generate profits. A higher ROA indicates that the company is more efficient in generating earnings relative to its total assets.
Overall, ESCO Technologies Inc's ROA performance reflects a positive trend, demonstrating the company's ability to generate profits from its asset base. It is essential for investors and stakeholders to monitor ROA as it provides insights into the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2024