MSC Industrial Direct Company Inc (MSM)
Return on assets (ROA)
| Aug 31, 2024 | Jun 1, 2024 | Mar 2, 2024 | Dec 2, 2023 | Sep 2, 2023 | Jun 3, 2023 | Mar 4, 2023 | Dec 3, 2022 | Sep 3, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 258,594 | 290,501 | 313,976 | 331,269 | 343,233 | 359,765 | 364,242 | 355,033 | 339,786 | 301,589 | 296,366 | 244,520 | 216,907 | 203,469 | 186,738 | 224,153 | 251,117 | 265,229 | 267,127 | 280,051 |
| Total assets | US$ in thousands | 2,462,310 | 2,467,790 | 2,501,390 | 2,493,720 | 2,544,130 | 2,526,680 | 2,524,460 | 2,749,400 | 2,729,410 | 2,619,320 | 2,564,920 | 2,496,340 | 2,462,120 | 2,424,320 | 2,302,240 | 2,286,650 | 2,382,430 | 2,709,710 | 2,377,030 | 2,339,760 |
| ROA | 10.50% | 11.77% | 12.55% | 13.28% | 13.49% | 14.24% | 14.43% | 12.91% | 12.45% | 11.51% | 11.55% | 9.80% | 8.81% | 8.39% | 8.11% | 9.80% | 10.54% | 9.79% | 11.24% | 11.97% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $258,594K ÷ $2,462,310K
= 10.50%
The return on assets (ROA) for MSC Industrial Direct Company Inc has shown a general upward trend over the past few quarters, indicating improved efficiency in generating profits from its assets. The ROA increased from 10.50% in August 2024 to 14.43% in March 2023 before slightly declining to 11.55% by February 2022. This suggests that the company was able to effectively utilize its assets to generate profits during this period.
However, the ROA experienced a slight dip before rebounding to 11.97% in November 2019. The company maintained a ROA above 10% for most of the periods analyzed, which indicates that MSC Industrial Direct Company Inc has a strong ability to generate profits relative to its total assets.
Overall, the trend in the ROA of MSC Industrial Direct Company Inc reflects a consistent and efficient use of assets to generate profits, with some fluctuations over time. This metric is a crucial indicator of the company's operational efficiency and profitability.
Peer comparison
Aug 31, 2024