FedEx Corporation (FDX)
Return on assets (ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 4,331,000 | 3,972,000 | 3,826,000 | 5,231,000 | 1,286,000 |
| Total assets | US$ in thousands | 87,007,000 | 87,143,000 | 85,994,000 | 82,777,000 | 73,537,000 |
| ROA | 4.98% | 4.56% | 4.45% | 6.32% | 1.75% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $4,331,000K ÷ $87,007,000K
= 4.98%
FedEx Corporation's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 4.98% in 2024, a slight increase from 4.56% in 2023. This indicates that the company generated $0.0498 in net income for every dollar of assets in 2024.
Compared to previous years, the ROA in 2022 was 4.45%, which continued the positive trend from 6.32% in 2021. However, there was a significant improvement in profitability compared to 2020 when the ROA was 1.75%.
Overall, FedEx's ROA has generally improved over the years, albeit with some fluctuations. It is important for investors and stakeholders to monitor this metric consistently to assess the company's efficiency in generating profits from its assets.