Nordson Corporation (NDSN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 337,091 | 321,120 | 322,076 |
| 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 |
| ROA | 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% | 9.59% | 9.20% | 9.27% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $492,804K ÷ $5,247,080K
= 9.39%
Nordson Corp.'s Return on Assets (ROA) fluctuated over the past eight quarters, ranging from 9.28% to 13.43%. ROA measures the company's ability to generate profit from its assets, with a higher percentage indicating better efficiency in utilizing assets to generate earnings.
The ROA trend shows a general decline from Q1 2023 to Q1 2024, with Q1 2023 and Q4 2022 marking the highest values at 13.43% and 12.71%, respectively. However, the ROA for Q2 and Q3 of 2023 experienced a slight increase compared to the previous quarters.
Overall, Nordson Corp.'s ROA performance indicates that the company has been fairly effective in generating profits relative to the size of its asset base, despite some fluctuations. It would be integral to further analyze the company's operational and financial strategies to understand the factors driving these changes in ROA.
Peer comparison
Jan 31, 2024