Neogen Corporation (NEOG)
Return on assets (ROA)
| 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 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 60,176 |
| Total assets | US$ in thousands | 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 | 695,740 |
| ROA | 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% | 8.65% |
February 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,566K ÷ $4,582,490K
= 0.03%
Neogen Corporation's return on assets (ROA) has experienced fluctuations over the past few quarters. The ROA stood at 0.03% in February 2024, indicating a very low return generated from its assets. Prior to this, in November 2023, the ROA was 0.26%, showing a slight increase from the previous period but still at a relatively low level.
In contrast, the company encountered negative ROA figures in the preceding quarters, with -0.58% in August 2023 and -0.50% in May 2023. These negative values suggest that Neogen Corporation was not effectively utilizing its assets to generate profits during those periods.
The most notable positive performance in terms of ROA was observed in May 2022 and August 2022, with figures of 5.89% and 4.87%, respectively. These values indicate that the company was able to generate a higher return from its assets during these periods.
Overall, Neogen Corporation's ROA has displayed variations, with both positive and negative trends, reflecting fluctuations in the company's profitability and asset utilization efficiency. Further analysis and examination of the underlying factors influencing these fluctuations would be necessary to understand the company's performance comprehensively.
Peer comparison
Feb 29, 2024