Eagle Materials Inc (EXP)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 477,639 | 461,540 | 374,247 | 339,444 | 70,894 |
| Total assets | US$ in thousands | 2,947,020 | 2,781,000 | 2,579,650 | 2,838,680 | 2,961,020 |
| ROA | 16.21% | 16.60% | 14.51% | 11.96% | 2.39% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $477,639K ÷ $2,947,020K
= 16.21%
Eagle Materials Inc's return on assets (ROA) has shown a positive trend over the past five years, indicating improving efficiency in generating profits relative to its total assets. The ROA has increased from 2.39% in 2020 to 16.21% in 2024. This signifies a significant enhancement in the company's ability to generate earnings from its asset base. The consistent growth in ROA reflects effective asset utilization and management strategies implemented by the company. Overall, Eagle Materials Inc has demonstrated a strong performance in terms of generating returns from its assets.