H B Fuller Company (FUL)
Return on assets (ROA)
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 130,256 | 144,906 | 180,313 | 161,393 | 123,719 |
| Total assets | US$ in thousands | 4,933,240 | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 |
| ROA | 2.64% | 3.07% | 4.04% | 3.78% | 3.06% |
November 30, 2024 calculation
ROA = Net income ÷ Total assets
= $130,256K ÷ $4,933,240K
= 2.64%
Based on the data provided, we can see that H B Fuller Company's return on assets (ROA) has fluctuated over the past five years.
- In November 28, 2020, the ROA was 3.06%.
- By November 27, 2021, the ROA increased to 3.78%, indicating an improvement in the company's ability to generate profits from its assets.
- However, by December 3, 2022, the ROA further increased to 4.04%, showing continued growth in profitability relative to the assets employed.
- In December 2, 2023, there was a slight decrease in ROA to 3.07%, possibly indicating some challenges in maintaining the previous level of profitability.
- The most recent data point, November 30, 2024, shows a further decline in ROA to 2.64%, which may raise concerns about the efficiency of the company's asset utilization.
Overall, the trend in H B Fuller Company's ROA suggests some variability in the company's ability to generate profits from its assets. It is essential for the company to closely monitor and manage its asset utilization to ensure sustained profitability and operational efficiency in the future.
Peer comparison
Nov 30, 2024