GMS Inc (GMS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 276,079 | 295,285 | 308,155 | 330,351 | 332,991 | 333,894 | 330,502 | 301,710 | 273,442 | 230,692 | 185,435 | 139,543 | 105,560 | 30,358 | 25,111 | 25,780 | 23,381 | 81,462 | 76,398 | 72,172 |
| 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 |
| ROA | 7.34% | 9.03% | 9.30% | 10.01% | 10.19% | 10.33% | 10.18% | 9.39% | 8.81% | 7.48% | 6.56% | 5.24% | 4.25% | 1.35% | 1.14% | 1.16% | 1.01% | 3.63% | 3.35% | 3.17% |
April 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $276,079K ÷ $3,759,840K
= 7.34%
ROA, or return on assets, is a financial ratio that measures a company's ability to generate profit from its total assets. Looking at the historical trend of GMS Inc's ROA over the past few years, we can observe fluctuations in the ratio. The ROA ranged from a low of 1.01% to a high of 10.33% during the period under consideration.
In recent periods, GMS Inc's ROA has generally been above 7%, indicating that the company has been efficient in generating profits relative to its total assets. The highest ROA of 10.33% was recorded in April 2023, suggesting a period of strong profitability relative to asset base.
It's worth noting that the ROA dipped to lower levels in earlier periods, with the ratio falling below 5% in some instances. This could indicate challenges in efficiently utilizing the company's assets to generate profits during those periods.
Overall, the trend in GMS Inc's ROA shows a mix of performance levels, with some periods demonstrating stronger profitability relative to assets than others. Analyzing the factors influencing these fluctuations could provide insights into the company's operational efficiency and financial management strategies.
Peer comparison
Apr 30, 2024