Lindsay Corporation (LNN)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 76,608 | 102,184 | 94,643 | 54,107 | 54,202 |
| Total assets | US$ in thousands | 760,232 | 745,660 | 710,653 | 637,185 | 570,526 |
| Operating ROA | 10.08% | 13.70% | 13.32% | 8.49% | 9.50% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $76,608K ÷ $760,232K
= 10.08%
Operating return on assets (Operating ROA) measures a company's ability to generate operating profit from its assets. In the case of Lindsay Corporation, the company's operating ROA has fluctuated over the past five years.
In the most recent fiscal year ending August 31, 2024, Lindsay Corporation's operating ROA was 10.08%, which represents a decrease from the previous year's 13.70%. Despite the decrease, the company still managed to generate a reasonable level of operating profit relative to its assets.
Looking back over the past five years, there is variability in Lindsay Corporation's operating ROA. The highest operating ROA was seen in August 31, 2023, at 13.70%, indicating the company was more efficient in generating operating profit from its assets during that period. On the other hand, the lowest operating ROA was observed in August 31, 2021, at 8.49%, which suggests a lower level of operating profitability relative to assets during that year.
Overall, Lindsay Corporation's operating ROA performance has shown fluctuations over the years, indicating changes in the company's operational efficiency and effectiveness in utilizing its assets to generate operating profit. Investors and stakeholders may want to further investigate the factors influencing these fluctuations to gain a deeper understanding of the company's financial performance and management of assets.
Peer comparison
Aug 31, 2024