H B Fuller Company (FUL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 154,009 | 144,907 | 148,223 | 157,093 | 163,895 | 180,312 | 182,890 | 168,009 | 169,908 | 161,393 | 151,113 | 161,104 | 143,615 | 123,719 | 115,329 | 123,440 | 128,468 | 130,817 | 139,948 | 127,960 |
| 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 |
| ROA | 3.29% | 3.07% | 3.18% | 3.40% | 3.61% | 4.04% | 4.00% | 3.64% | 3.66% | 3.78% | 3.55% | 3.78% | 3.49% | 3.06% | 2.90% | 3.10% | 3.19% | 3.28% | 3.47% | 3.08% |
March 2, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $154,009K ÷ $4,681,970K
= 3.29%
The Return on Assets (ROA) for H B Fuller Company has shown some fluctuations over the past two years, ranging from 2.90% to 4.04%. The average ROA during this period is approximately 3.44%. The ROA measures the company's ability to generate profits from its total assets. A higher ROA indicates that the company is more efficient in utilizing its assets to generate earnings.
In the latest quarter, the ROA stands at 3.29%, which is slightly above the average for the period. This suggests that the company has been able to maintain a stable level of profitability relative to its asset base. It is important for investors to monitor ROA trends over time to evaluate the company's performance in generating returns from its assets.
Overall, while the company's ROA has shown some variability, it remains relatively stable and reflective of a healthy level of asset efficiency.