Nordson Corporation (NDSN)
Operating return on assets (Operating ROA)
| 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 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 483,113 | 460,248 | 467,514 |
| Total assets | US$ in thousands | 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 | 3,516,450 | 3,491,540 | 3,475,090 |
| Operating ROA | 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% | 13.74% | 13.18% | 13.45% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $687,977K ÷ $5,247,080K
= 13.11%
To analyze Nordson Corp.'s operating return on assets (operating ROA), we look at the trend of this ratio over the past eight quarters. Operating ROA represents the company's ability to generate operating profit from its assets.
The data shows that Nordson Corp.'s operating ROA has been fluctuating over the quarters, ranging from a low of 12.81% in Q4 2023 to a high of 18.38% in Q4 2022. However, it's important to note that the operating ROA figures have generally been above 15% over the period, which indicates that Nordson Corp. has been efficient in generating operating profit relative to its assets.
The decreasing trend from Q1 2023 to Q4 2023 suggests a potential decrease in operating efficiency during that period. However, the slight increase in Q1 2024 indicates a possible improvement in the company's ability to generate profits from its assets.
Overall, Nordson Corp.'s operating ROA performance indicates that the company has been relatively efficient in utilizing its assets to generate operating profits, with some fluctuations observed over the quarters. It would be important to monitor future trends to assess the company's operational performance and efficiency in the utilization of its assets.
Peer comparison
Jan 31, 2024