Quanex Building Products (NX)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 33,059 | 82,501 | 88,336 | 56,980 | 38,496 |
| Total assets | US$ in thousands | 2,319,790 | 831,143 | 724,617 | 717,323 | 691,585 |
| ROA | 1.43% | 9.93% | 12.19% | 7.94% | 5.57% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $33,059K ÷ $2,319,790K
= 1.43%
Quanex Building Products' return on assets (ROA) has shown fluctuating performance over the past five years. The ROA decreased from 5.57% in 2020 to 1.43% in 2024, indicating a decline in the company's ability to generate profit relative to its total assets. However, it is worth noting that the ROA peaked at 12.19% in 2022, showcasing a period of strong profitability and efficient asset utilization. The significant variations in ROA suggest that Quanex Building Products' management may need to focus on improving operational efficiency and asset productivity to sustain consistent profitability levels in the future.
Peer comparison
Oct 31, 2024