Lindsay Corporation (LNN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 93,493 | 98,660 | 102,184 | 106,602 | 114,807 | 105,880 | 94,643 | 76,284 | 62,463 | 59,934 | 54,108 | 62,141 | 56,628 | 49,461 | 54,202 | 40,806 | 29,453 | 16,351 | 6,115 | 8,761 |
| Total assets | US$ in thousands | 765,280 | 763,918 | 745,660 | 723,618 | 709,080 | 708,296 | 710,653 | 711,916 | 676,584 | 649,445 | 637,185 | 642,217 | 596,648 | 575,202 | 570,526 | 557,486 | 534,330 | 526,811 | 500,314 | 505,922 |
| Operating ROA | 12.22% | 12.91% | 13.70% | 14.73% | 16.19% | 14.95% | 13.32% | 10.72% | 9.23% | 9.23% | 8.49% | 9.68% | 9.49% | 8.60% | 9.50% | 7.32% | 5.51% | 3.10% | 1.22% | 1.73% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $93,493K ÷ $765,280K
= 12.22%
Operating return on assets (ROA) is a key financial ratio that indicates a company's ability to generate profit from its operational activities relative to its total assets. Over the past several quarters, Lindsay Corporation's operating ROA has shown fluctuating trends.
The operating ROA for the most recent quarter, ending February 29, 2024, is 12.22%. This indicates that Lindsay Corporation generated a profit of 12.22% from its operations relative to its total assets during that period. The decreasing trend in the operating ROA from the previous quarter (Nov 30, 2023) suggests a slight decline in the company's operational efficiency and profitability.
Looking at the historical data, there was a notable peak in the operating ROA on November 30, 2022, at 16.19%. This indicates a significant improvement in the company's operational performance and efficiency during that period. However, the operating ROA decreased in subsequent quarters before showing some recovery in the most recent quarter.
Overall, the fluctuating trend in Lindsay Corporation's operating ROA suggests varying levels of operational efficiency and profitability over the analyzed period. It is essential for the company to closely monitor and manage its operational activities to ensure sustained profitability and value creation for its shareholders.
Peer comparison
Feb 29, 2024