GMS Inc (GMS)
Return on assets (ROA)
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 276,079 | 332,991 | 273,442 | 105,560 | 23,381 |
| Total assets | US$ in thousands | 3,759,840 | 3,267,010 | 3,104,400 | 2,483,900 | 2,324,450 |
| ROA | 7.34% | 10.19% | 8.81% | 4.25% | 1.01% |
April 30, 2024 calculation
ROA = Net income ÷ Total assets
= $276,079K ÷ $3,759,840K
= 7.34%
The return on assets (ROA) for GMS Inc has shown a fluctuating trend over the past five years. In April 2024, the ROA decreased to 7.34% from 10.19% in April 2023, marking a decline in profitability efficiency in utilizing its assets to generate earnings. Despite this decrease, the ROA in 2024 remains higher compared to the levels in 2022 and 2021, indicating a relatively strong performance.
Overall, GMS Inc's ROA has shown a positive growth trend over the years, with a significant leap from 1.01% in April 2020 to the current 7.34% in April 2024. This indicates an improvement in the company's ability to generate profits relative to its total assets. The company should continue to monitor and manage its assets efficiently to sustain or improve its ROA in the coming periods.
Peer comparison
Apr 30, 2024