GMS Inc (GMS)
Operating return on assets (Operating ROA)
| Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 442,840 | 456,653 | 473,877 | 502,359 | 505,211 | 507,283 | 500,816 | 459,472 | 418,918 | 361,264 | 297,200 | 234,738 | 190,949 | 97,234 | 94,983 | 100,027 | 99,526 | 171,153 | 166,312 | 163,889 |
| Total assets | US$ in thousands | 3,759,840 | 3,271,550 | 3,314,400 | 3,300,400 | 3,267,010 | 3,233,460 | 3,245,940 | 3,212,420 | 3,104,400 | 3,086,180 | 2,824,980 | 2,664,080 | 2,483,900 | 2,251,760 | 2,210,870 | 2,225,830 | 2,324,450 | 2,245,280 | 2,281,350 | 2,274,390 |
| Operating ROA | 11.78% | 13.96% | 14.30% | 15.22% | 15.46% | 15.69% | 15.43% | 14.30% | 13.49% | 11.71% | 10.52% | 8.81% | 7.69% | 4.32% | 4.30% | 4.49% | 4.28% | 7.62% | 7.29% | 7.21% |
April 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $442,840K ÷ $3,759,840K
= 11.78%
Operating return on assets (operating ROA) for GMS Inc has shown fluctuating trends over the past several quarters. The company's operating ROA has generally been on an upward trajectory from April 2020 to July 2022, reaching a peak of 15.69% in January 2023. However, there was a slight dip in operating ROA in the subsequent quarter, followed by a more significant decline to 4.32% in April 2023.
Subsequently, there was a partial recovery in operating ROA, with the metric fluctuating around the 13-15% range until October 2023. From October 2023 to April 2024, the operating ROA remained in the 11-15% range, showing some variability but generally staying above the 10% level.
Overall, despite some fluctuations, GMS Inc's operating ROA has demonstrated the company's ability to generate operating profit relative to its asset base over the periods analyzed. The recent trend of operating ROA being above 10% is a positive indicator of the company's operational efficiency and profitability. However, it may be important to monitor future quarters to assess the sustainability of this performance.
Peer comparison
Apr 30, 2024