Quanex Building Products (NX)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | -26,427 | 8,993 | 6,713 |
| Total assets | US$ in thousands | 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 | 645,110 | 680,064 | 707,042 |
| Operating ROA | 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% | -4.10% | 1.32% | 0.95% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $114,215K ÷ $813,420K
= 14.04%
Quanex Building Products has demonstrated varying levels of operating return on assets (operating ROA) over the periods indicated in the table. The operating ROA has generally been positive, with fluctuations observed across the quarters.
The highest operating ROA was seen in the period ending Oct 31, 2022, at 15.36%, indicating a strong performance in effectively generating operating income relative to the total assets employed. Conversely, the lowest operating ROA was recorded in the period ending Apr 30, 2020, at -3.30%, reflecting a period of operating inefficiency or financial strain where operating income was insufficient to cover the asset base.
Overall, the operating ROA seems to have trended positively in recent periods, with the firm's ability to utilize its assets to generate operating profits improving. It is important for Quanex Building Products to sustain or improve upon these operating ROA levels to ensure efficient asset utilization and profitability in the future.
Peer comparison
Jan 31, 2024