Neogen Corporation (NEOG)
Return on assets (ROA)
| Aug 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -16,615 | 1,566 | 11,778 | -26,576 | -22,870 | -13,483 | -16,230 | 36,439 | 48,307 | 49,108 | 57,042 | 62,099 | 60,882 | 61,469 | 60,292 | 60,683 | 59,475 | 58,943 | 59,816 | 59,591 |
| Total assets | US$ in thousands | 4,503,170 | 4,582,490 | 4,602,420 | 4,561,100 | 4,554,430 | 4,508,760 | 4,563,240 | 977,405 | 992,929 | 981,205 | 967,934 | 932,106 | 920,192 | 880,216 | 845,626 | 821,592 | 797,182 | 773,501 | 750,591 | 721,144 |
| ROA | -0.37% | 0.03% | 0.26% | -0.58% | -0.50% | -0.30% | -0.36% | 3.73% | 4.87% | 5.00% | 5.89% | 6.66% | 6.62% | 6.98% | 7.13% | 7.39% | 7.46% | 7.62% | 7.97% | 8.26% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-16,615K ÷ $4,503,170K
= -0.37%
Neogen Corporation's return on assets (ROA) has fluctuated over the past few periods. From the latest available data in August 2024, the ROA was negative at -0.37%, suggesting that the company may not have been effectively utilizing its assets to generate profits during that period. The previous periods also show mixed results with some positive and negative ROA figures.
Looking at the trend over the past few years, Neogen's ROA has shown a general upward trajectory, with periods of positive growth, reaching a peak of 8.26% in August 2019. This indicates that the company was effectively using its assets to generate profits and create value for shareholders during those periods.
However, the recent negative ROA in August 2024 raises concerns about the company's asset utilization efficiency and profitability. It is essential for Neogen to closely monitor and potentially improve its asset management strategies to ensure sustainable profitability and value creation in the future.
Peer comparison
Aug 31, 2024