Lindsay Corporation (LNN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 66,257 | 72,750 | 69,252 | 69,181 | 72,379 | 71,079 | 79,271 | 75,785 | 65,469 | 53,344 | 46,068 | 43,378 | 42,572 | 51,442 | 43,739 | 37,379 | 38,629 | 25,458 | 18,261 | 9,305 |
| 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 |
| ROA | 8.72% | 9.60% | 9.05% | 9.06% | 9.71% | 9.82% | 11.18% | 10.70% | 9.21% | 7.49% | 6.81% | 6.68% | 6.68% | 8.01% | 7.33% | 6.50% | 6.77% | 4.57% | 3.42% | 1.77% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $66,257K ÷ $760,232K
= 8.72%
Lindsay Corporation's return on assets (ROA) has shown some fluctuation over the past few periods. The ROA ranged from a low of 1.77% in November 2019 to a high of 11.18% in February 2023. The company experienced a general upward trend in ROA from November 2019 to May 2023, reaching a peak at 11.18%. However, since then, the ROA has gradually decreased, with the latest reported figure at 8.72% in August 2024.
Overall, the company's ROA performance indicates that it has been generating a positive return on its assets, although there have been fluctuations in efficiency and profitability over the periods analyzed. It is important for the company to assess the reasons behind these fluctuations and work towards implementing strategies to maintain or improve its ROA in the future.
Peer comparison
Aug 31, 2024