Helen of Troy Ltd (HELE)
Return on assets (ROA)
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 168,594 | 143,273 | 223,764 | 253,946 | 152,333 |
| Total assets | US$ in thousands | 2,838,620 | 2,913,720 | 2,823,450 | 2,263,490 | 1,903,880 |
| ROA | 5.94% | 4.92% | 7.93% | 11.22% | 8.00% |
February 29, 2024 calculation
ROA = Net income ÷ Total assets
= $168,594K ÷ $2,838,620K
= 5.94%
Helen of Troy Ltd's return on assets (ROA) has shown fluctuating trends over the past five years. In the most recent fiscal year ending on February 29, 2024, the ROA was 5.94%, representing a moderate increase compared to the previous year's 4.92%. However, when compared to FY 2022 and FY 2021, the ROA has decreased significantly from 7.93% and 11.22%, respectively. The highest ROA observed in the last five years was in FY 2021 at 11.22%, indicating that the company was more efficient in generating profits relative to its total assets during that period.
The downward trend in ROA from FY 2021 to FY 2024 suggests a potential decline in the company's ability to generate earnings from its asset base. It would be essential for stakeholders to further investigate the factors contributing to this trend to assess the company's operational efficiency and profitability.