FedEx Corporation (FDX)
Return on assets (ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 4,331,000 | 4,395,000 | 4,287,000 | 4,175,000 | 3,972,000 | 2,992,000 | 3,333,000 | 3,589,000 | 3,826,000 | 5,136,000 | 4,916,000 | 5,098,000 | 5,231,000 | 3,029,000 | 2,452,000 | 1,786,000 | 1,286,000 | -349,000 | 75,000 | 450,000 |
| Total assets | US$ in thousands | 87,007,000 | 86,114,000 | 88,051,000 | 87,576,000 | 87,143,000 | 85,775,000 | 85,591,000 | 85,826,000 | 85,994,000 | 84,108,000 | 84,247,000 | 82,048,000 | 82,777,000 | 82,793,000 | 81,156,000 | 77,648,000 | 73,537,000 | 70,014,000 | 69,954,000 | 68,452,000 |
| ROA | 4.98% | 5.10% | 4.87% | 4.77% | 4.56% | 3.49% | 3.89% | 4.18% | 4.45% | 6.11% | 5.84% | 6.21% | 6.32% | 3.66% | 3.02% | 2.30% | 1.75% | -0.50% | 0.11% | 0.66% |
May 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $4,331,000K ÷ $87,007,000K
= 4.98%
The return on assets (ROA) for FedEx Corporation has shown some variability over the past 5 years, ranging from -0.50% to a peak of 6.32% in the most recent period of May 2024. Overall, the ROA trend has been generally positive, with fluctuations observed. The ROA of 4.98% in May 2024 indicates that for every dollar of assets the company holds, it is generating approximately 4.98 cents in profit. This improvement in ROA over the years suggests that FedEx has been able to effectively utilize its assets to generate profits. It is important for the company to continue monitoring and managing its asset efficiency to ensure sustained profitability and value creation for its shareholders.