Nordson Corporation (NDSN)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 674,001 | 680,148 | 684,086 | 687,977 | 672,761 | 665,331 | 679,253 | 690,719 | 702,360 | 676,186 | 679,544 | 661,962 | 615,127 | 501,060 | 424,839 | 383,477 | 349,545 | 451,837 | 470,058 | 473,925 |
| Total assets | US$ in thousands | 6,000,970 | 5,204,370 | 5,171,870 | 5,247,080 | 5,251,770 | 4,197,030 | 4,193,120 | 4,237,420 | 3,820,380 | 3,823,820 | 3,796,340 | 3,834,990 | 3,790,960 | 3,670,080 | 3,594,910 | 3,683,400 | 3,674,660 | 3,819,960 | 3,742,900 | 3,550,870 |
| Operating ROA | 11.23% | 13.07% | 13.23% | 13.11% | 12.81% | 15.85% | 16.20% | 16.30% | 18.38% | 17.68% | 17.90% | 17.26% | 16.23% | 13.65% | 11.82% | 10.41% | 9.51% | 11.83% | 12.56% | 13.35% |
October 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $674,001K ÷ $6,000,970K
= 11.23%
Nordson Corporation's operating return on assets (operating ROA) has fluctuated over the periods indicated in the table. The operating ROA ranges from a low of 9.51% in January 2021 to a high of 18.38% in October 2022. Overall, the company's operating ROA has shown a generally positive trend, with some fluctuations in between.
The operating ROA reflects Nordson's ability to generate profits from its assets utilized in operations. A higher operating ROA indicates that the company is efficiently utilizing its assets to generate earnings. The increasing trend in the operating ROA from 2021 to 2022 suggests improved operational efficiency or successful asset management strategies implemented by the company during this period.
However, it's worth noting that the operating ROA experienced a slight decline from October 2022 to January 2023 before rebounding in subsequent periods. This fluctuation could be attributed to various factors such as changes in operational performance, asset utilization, or external economic conditions impacting the company's profitability.
Overall, Nordson Corporation's operating ROA performance indicates a generally positive trend with fluctuations in between. It is essential for investors and stakeholders to closely monitor these ratios alongside other financial metrics to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Oct 31, 2024