Lindsay Corporation (LNN)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | May 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 76,608 | 86,472 | 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 |
| Total assets | US$ in thousands | 760,232 | 758,101 | 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 |
| Operating ROA | 10.08% | 11.41% | 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% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $76,608K ÷ $760,232K
= 10.08%
Lindsay Corporation's operating return on assets (operating ROA) has shown some fluctuations over the past few periods. The trend indicates a general decrease from the high point of 16.19% in February 2023 to the low point of 3.10% in November 2019.
Operating ROA saw a significant decline in the most recent period, from 11.41% in May 2024 to 10.08% in August 2024. Despite this slight decrease, the company's operating ROA remains above 10%, suggesting a decent operational efficiency in generating profits from its assets.
It is important for Lindsay Corporation to closely monitor and manage its operating ROA trend to ensure sustained profitability and efficient asset utilization in the long run. Further analysis of the underlying factors contributing to fluctuations in operating ROA would be beneficial for the company's strategic decision-making and performance evaluation.
Peer comparison
Aug 31, 2024