Lindsay Corporation (LNN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 2,172 | 5,647 |
| 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 |
| ROA | 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% | 0.43% | 1.12% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $69,252K ÷ $765,280K
= 9.05%
The return on assets (ROA) of Lindsay Corporation has exhibited fluctuations over the periods analyzed. From May 2019 to August 2021, the ROA remained relatively stable, ranging from 6.68% to 9.21%. However, in more recent periods, the ROA has shown variability, with the highest observed in May 2023 at 9.82% and the lowest in November 2019 at 0.43%.
The ROA indicates the company's ability to generate profits from its assets. A higher ROA signifies efficient asset utilization and profitability. Lindsay Corporation's ROA peaked in February 2023 at 11.18%, indicating strong profitability relative to its asset base during that period.
Overall, the trend of Lindsay Corporation's ROA shows some volatility, but the company has managed to maintain a generally positive ROA above 6% in most periods, demonstrating effective management of its assets to generate profits.
Peer comparison
Feb 29, 2024