Nordson Corporation (NDSN)

Return on assets (ROA)

Oct 31, 2024 Oct 31, 2023 Oct 31, 2022 Oct 31, 2021 Oct 31, 2020
Net income US$ in thousands 467,284 487,493 513,103 454,368 249,539
Total assets US$ in thousands 6,000,970 5,251,770 3,820,380 3,790,960 3,674,660
ROA 7.79% 9.28% 13.43% 11.99% 6.79%

October 31, 2024 calculation

ROA = Net income ÷ Total assets
= $467,284K ÷ $6,000,970K
= 7.79%

Nordson Corporation's return on assets (ROA) has displayed some fluctuations over the past five years. The ROA was relatively stable from 2020 to 2022, ranging from 6.79% to 13.43%. However, there was a decline in ROA in 2023 to 9.28%, followed by a further decrease to 7.79% in 2024. This decline over the last two years suggests that Nordson's profitability in generating earnings from its assets has weakened. It is important for Nordson Corporation to analyze the factors contributing to this decrease in ROA and implement strategies to improve efficiency and profitability in utilizing its assets effectively.


Peer comparison

Oct 31, 2024

Company name
Symbol
ROA
Nordson Corporation
NDSN
7.79%
ESAB Corp
ESAB
5.36%