H B Fuller Company (FUL)
Operating return on assets (Operating ROA)
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 355,137 | 322,718 | 252,612 | 218,317 | 225,994 |
| Total assets | US$ in thousands | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 | 3,985,730 |
| Operating ROA | 7.52% | 7.23% | 5.91% | 5.41% | 5.67% |
December 2, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $355,137K ÷ $4,723,580K
= 7.52%
The operating return on assets (ROA) for H.B. Fuller Company has shown a generally positive trend over the past five years. The operating ROA increased from 5.67% in 2019 to 7.52% in 2023, indicating an improvement in the company's ability to generate operating income from its assets. This suggests that H.B. Fuller has been effectively utilizing its assets to generate operating profits. The consistent upward trend in operating ROA reflects favorably on the company's operational efficiency and profitability. Overall, the increasing trend in operating ROA signals positive performance and effective asset management by H.B. Fuller Company.