H B Fuller Company (FUL)
Operating return on assets (Operating ROA)
| Nov 30, 2024 | Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 348,219 | 385,214 | 372,192 | 361,746 | 355,138 | 331,986 | 328,621 | 325,985 | 322,717 | 308,137 | 279,636 | 261,263 | 252,614 | 250,874 | 250,152 | 237,914 | 218,317 | 197,083 | 205,058 | 220,535 |
| Total assets | US$ in thousands | 4,933,240 | 4,978,240 | 4,919,110 | 4,681,970 | 4,723,580 | 4,659,910 | 4,618,050 | 4,535,740 | 4,463,630 | 4,571,640 | 4,620,480 | 4,641,440 | 4,274,530 | 4,258,270 | 4,266,930 | 4,113,750 | 4,036,700 | 3,981,720 | 3,979,060 | 4,025,270 |
| Operating ROA | 7.06% | 7.74% | 7.57% | 7.73% | 7.52% | 7.12% | 7.12% | 7.19% | 7.23% | 6.74% | 6.05% | 5.63% | 5.91% | 5.89% | 5.86% | 5.78% | 5.41% | 4.95% | 5.15% | 5.48% |
November 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $348,219K ÷ $4,933,240K
= 7.06%
H B Fuller Company's operating return on assets (Operating ROA) has shown a fluctuating trend over the given periods. It started at 5.48% as of February 29, 2020, and decreased slightly to 5.15% by May 30, 2020. Subsequently, it declined further to 4.95% by August 29, 2020.
However, the trend reversed from November 28, 2020, where Operating ROA began to increase, reaching a peak of 7.74% on August 31, 2024. This indicates that the company's operating income generated from its assets has been improving over this timeframe.
Despite the overall positive trend, there was a slight decrease in Operating ROA to 7.06% on November 30, 2024, compared to the previous period. It will be important to monitor future performance to see if this is a temporary fluctuation or a more sustained trend.
Overall, H B Fuller Company has demonstrated an improvement in its operating efficiency and profitability in utilizing its assets to generate operating income, based on the increasing trend in Operating ROA over the analyzed periods.
Peer comparison
Nov 30, 2024