Helen of Troy Ltd (HELE)
Return on assets (ROA)
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 168,594 | 162,040 | 137,968 | 141,259 | 143,273 | 146,887 | 170,744 | 191,387 | 223,764 | 206,142 | 214,614 | 250,632 | 253,946 | 228,619 | 213,163 | 171,925 | 152,333 | 192,754 | 173,525 | 171,447 |
| Total assets | US$ in thousands | 2,838,620 | 2,952,290 | 2,901,660 | 2,872,830 | 2,913,720 | 3,129,420 | 3,225,210 | 3,144,250 | 2,823,450 | 2,487,400 | 2,400,160 | 2,348,090 | 2,263,490 | 2,311,740 | 2,174,190 | 1,975,690 | 1,903,880 | 1,791,090 | 1,775,950 | 1,702,830 |
| ROA | 5.94% | 5.49% | 4.75% | 4.92% | 4.92% | 4.69% | 5.29% | 6.09% | 7.93% | 8.29% | 8.94% | 10.67% | 11.22% | 9.89% | 9.80% | 8.70% | 8.00% | 10.76% | 9.77% | 10.07% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $168,594K ÷ $2,838,620K
= 5.94%
The return on assets (ROA) for Helen of Troy Ltd has shown some fluctuations over the past few quarters. ROA is a measure of how effectively a company is able to generate profit from its assets.
From Nov 30, 2019, to May 31, 2021, the ROA ranged between 8.00% and 11.22%, indicating consistent profitability and efficient asset utilization during this period.
There was a noticeable decline in ROA from Aug 31, 2021, to Nov 30, 2023, where it fluctuated between 4.69% and 5.94%. This downward trend suggests a decrease in profitability or a less efficient use of assets during this timeframe.
It is important for Helen of Troy Ltd to closely examine the factors contributing to the fluctuations in ROA to maintain or improve overall financial performance and asset efficiency in the future.