Nordson Corporation (NDSN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 467,284 | 472,894 | 483,458 | 492,804 | 487,493 | 500,964 | 514,884 | 496,955 | 513,103 | 482,314 | 482,685 | 497,195 | 454,368 | 362,383 | 307,182 | 275,117 | 249,539 | 333,737 | 340,684 | 340,528 |
| 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 |
| ROA | 7.79% | 9.09% | 9.35% | 9.39% | 9.28% | 11.94% | 12.28% | 11.73% | 13.43% | 12.61% | 12.71% | 12.96% | 11.99% | 9.87% | 8.54% | 7.47% | 6.79% | 8.74% | 9.10% | 9.59% |
October 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $467,284K ÷ $6,000,970K
= 7.79%
Over the last few years, Nordson Corporation's return on assets (ROA) has shown some fluctuations. The ROA has generally been above 7% in the last five years, indicating that the company has been effectively utilizing its assets to generate profits.
There was a noticeable decrease in ROA in the most recent quarter, dropping to 7.79% from the previous quarter's 9.09%. This decline could be a cause for concern as it may suggest that Nordson's asset efficiency decreased during this period.
Looking at the trend over the past five years, Nordson has shown a generally positive ROA trend, ranging from 6.79% to 13.43%. The highest ROA was recorded in the quarter ending January 31, 2023, at 13.43%. This suggests that Nordson was very efficient in generating profits from its assets during that period.
Overall, while there have been fluctuations in Nordson Corporation's ROA, the company has maintained a relatively strong performance in terms of generating profits from its assets over the past few years. However, it would be important to monitor the recent decrease in ROA to understand if this is a temporary dip or a concerning trend.
Peer comparison
Oct 31, 2024