H B Fuller Company (FUL)
Operating return on assets (Operating ROA)
| 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 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 225,994 | 237,795 | 238,380 |
| Total assets | US$ in thousands | 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 | 3,985,730 | 4,032,680 | 4,149,860 |
| Operating ROA | 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% | 5.67% | 5.90% | 5.74% |
March 2, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $361,746K ÷ $4,681,970K
= 7.73%
H B Fuller Company's operating return on assets (ROA) has exhibited a relatively stable trend over the past two years, hovering around the range of 5.41% to 7.73%. The operating ROA reached its peak at 7.73% in March 2024 and has shown some fluctuations within this range since then.
The operating ROA indicates how efficiently the company generates operating profits from its assets. A higher operating ROA suggests that the company is utilizing its assets effectively to generate profits.
The consistency of the operating ROA within this range reflects H B Fuller Company's ability to maintain operational efficiency and profitability. However, a potential area for improvement could be to aim for a more consistent upward trend in the operating ROA over time.
Overall, while H B Fuller Company's operating ROA has shown stability, continuous monitoring and efforts to improve this ratio could further enhance the company's financial performance.