H B Fuller Company (FUL)
Operating return on assets (Operating ROA)
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 348,220 | 355,137 | 322,718 | 252,612 | 218,317 |
| Total assets | US$ in thousands | 4,933,240 | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 |
| Operating ROA | 7.06% | 7.52% | 7.23% | 5.91% | 5.41% |
November 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $348,220K ÷ $4,933,240K
= 7.06%
The operating return on assets (operating ROA) of H B Fuller Company has demonstrated a positive trend over the years based on the provided data.
In November 28, 2020, the operating ROA stood at 5.41%, which increased to 5.91% by November 27, 2021, indicating an improvement in the company's ability to generate operating income from its assets.
The trend continued to show growth, with the operating ROA reaching 7.23% by December 3, 2022, and further increasing to 7.52% by December 2, 2023, suggesting enhanced efficiency in utilizing its assets to generate operating profits.
While there was a slight decrease in operating ROA to 7.06% by November 30, 2024, the company still maintained a relatively strong performance in terms of generating operating income relative to its assets.
Overall, the consistent increase in operating ROA over the years reflects H B Fuller Company's effectiveness in efficiently utilizing its assets to generate operating profits, indicating positive operational performance and financial health.
Peer comparison
Nov 30, 2024