H B Fuller Company (FUL)
Return on assets (ROA)
| Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 144,906 | 180,313 | 161,393 | 123,719 | 130,817 |
| Total assets | US$ in thousands | 4,723,580 | 4,463,630 | 4,274,530 | 4,036,700 | 3,985,730 |
| ROA | 3.07% | 4.04% | 3.78% | 3.06% | 3.28% |
December 2, 2023 calculation
ROA = Net income ÷ Total assets
= $144,906K ÷ $4,723,580K
= 3.07%
The return on assets (ROA) of H.B. Fuller Company has exhibited some fluctuations over the past five years. In the most recent fiscal year ending December 2, 2023, the ROA decreased to 3.07% from 4.04% in the previous year. This decline suggests a decrease in the company's ability to generate earnings from its assets. However, compared to the ROA of 3.28% in 2019, the current ROA is still in line with historical performance.
It is important to assess the factors contributing to this fluctuation, such as changes in net income and total assets. Further analysis of the company's profitability, asset utilization, and financial leverage may provide insights into the drivers of the changes in ROA. Overall, the trend in H.B. Fuller Company's ROA indicates the need for a comprehensive evaluation of the company's operations and asset management strategies to enhance its profitability and efficiency.