Lindsay Corporation (LNN)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 66,257 | 72,379 | 65,469 | 42,572 | 38,629 |
| Total assets | US$ in thousands | 760,232 | 745,660 | 710,653 | 637,185 | 570,526 |
| ROA | 8.72% | 9.71% | 9.21% | 6.68% | 6.77% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $66,257K ÷ $760,232K
= 8.72%
Lindsay Corporation's return on assets (ROA) has fluctuated over the past five years, ranging from a low of 6.68% in 2021 to a high of 9.71% in 2023. The ROA for the most recent year, as of August 31, 2024, stands at 8.72%. This indicates that, on average, the company generated approximately 8.72 cents in profit for every dollar of assets owned during the year. Overall, the trend in ROA suggests that the company has been fairly effective in utilizing its assets to generate profits, with some fluctuations in performance over the years. Further analysis would be needed to understand the factors driving these changes in ROA and to assess the company's asset management efficiency in more detail.
Peer comparison
Aug 31, 2024