Quanex Building Products (NX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 54,826 | 91,495 | 105,516 | 114,215 | 110,701 | 99,772 | 96,344 | 101,558 | 111,281 | 109,804 | 97,331 | 84,161 | 81,870 | 82,606 | 77,607 | 65,120 | 55,265 | 3,712 | 6,259 | -21,997 |
| Total assets | US$ in thousands | 2,319,790 | 872,450 | 837,213 | 813,420 | 831,143 | 847,809 | 822,112 | 827,026 | 724,617 | 743,607 | 740,490 | 718,272 | 717,323 | 719,192 | 715,572 | 694,271 | 691,585 | 686,791 | 712,885 | 667,200 |
| Operating ROA | 2.36% | 10.49% | 12.60% | 14.04% | 13.32% | 11.77% | 11.72% | 12.28% | 15.36% | 14.77% | 13.14% | 11.72% | 11.41% | 11.49% | 10.85% | 9.38% | 7.99% | 0.54% | 0.88% | -3.30% |
October 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $54,826K ÷ $2,319,790K
= 2.36%
Quanex Building Products' operating return on assets (operating ROA) has shown fluctuations over the past several quarters. The operating ROA ranged from a low of -3.30% in January 2020 to a high of 15.36% in October 2022. In the most recent quarter ending October 2024, the operating ROA was 2.36%.
The downward trend in operating ROA from October 2022 to January 2023, followed by a recovery and subsequent stabilization in the range of 11-15%, indicates potential operational challenges or changes affecting profitability during that period. The drop in operating ROA in January 2021 and subsequent gradual increase until July 2024 could indicate improved operational efficiency, cost management, or strategic initiatives that positively impacted the company's profitability.
It is important for stakeholders to closely monitor Quanex Building Products' operating ROA to assess the company's ability to generate profits from its operational activities in relation to its total assets. Further analysis of the drivers of these fluctuations, such as revenue growth, changes in expenses, or asset utilization, would provide deeper insights into the company's financial performance and operational effectiveness.
Peer comparison
Oct 31, 2024