FedEx Corporation (FDX)
Operating return on assets (Operating ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,559,000 | 4,912,000 | 6,245,000 | 5,857,000 | 2,417,000 |
| Total assets | US$ in thousands | 87,007,000 | 87,143,000 | 85,994,000 | 82,777,000 | 73,537,000 |
| Operating ROA | 6.39% | 5.64% | 7.26% | 7.08% | 3.29% |
May 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $5,559,000K ÷ $87,007,000K
= 6.39%
FedEx Corporation's operating return on assets (ROA) has shown variability over the past five years. The operating ROA increased from 3.29% in 2020 to 7.26% in 2022 before experiencing a slight decrease in 2023. In the latest fiscal year ending May 31, 2024, the operating ROA stood at 6.39%. This indicates that, on average, FedEx generated a return of approximately 6.39 cents on every dollar of assets employed in its operations during the year. Overall, FedEx's operating ROA performance has been relatively stable, with fluctuations reflecting changes in the company's operating efficiency and asset utilization over the years.