MSC Industrial Direct Company Inc (MSM)
Return on assets (ROA)
| 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 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 288,865 | 295,274 |
| Total assets | US$ in thousands | 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 | 2,311,240 | 2,324,350 |
| ROA | 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% | 12.50% | 12.70% |
March 2, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $313,976K ÷ $2,501,390K
= 12.55%
The return on assets (ROA) for MSC Industrial Direct Company Inc has shown variability over the past several quarters. The ROA ranged from a low of 8.11% in February 2021 to a high of 14.43% in March 2023. Generally, the company's ROA has been relatively strong, with most quarters showing double-digit percentages, indicating efficient use of assets to generate profits.
The upward trend in ROA from August 2021 to March 2023 demonstrates an improvement in the company's ability to generate profits relative to its total assets. However, there was a slight decline in ROA in the most recent quarter (March 2024) to 12.55%.
Overall, the historical ROA figures suggest that MSC Industrial Direct Company Inc has been effective in managing its assets to generate profits, although careful monitoring of future quarterly results will be important to assess the company's ongoing financial performance.
Peer comparison
Mar 2, 2024