GMS Inc (GMS)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 442,840 | 505,211 | 418,918 | 190,949 | 99,526 |
| Total assets | US$ in thousands | 3,759,840 | 3,267,010 | 3,104,400 | 2,483,900 | 2,324,450 |
| Operating ROA | 11.78% | 15.46% | 13.49% | 7.69% | 4.28% |
April 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $442,840K ÷ $3,759,840K
= 11.78%
GMS Inc's operating return on assets (operating ROA) has shown an upward trend from 4.28% in 2020 to 11.78% in 2024. This indicates that the company has been able to generate more operating income relative to its total assets over the years. The significant improvement in operating ROA from 2020 to 2024 suggests increased efficiency in utilizing its assets to generate operating profits. However, there was a slight dip in 2023 compared to 2022, indicating a temporary decrease in asset utilization efficiency. Overall, the company's performance in terms of operating ROA has generally been positive and improving, reflecting effective management of assets to generate operating profits.
Peer comparison
Apr 30, 2024