Quanex Building Products (NX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 86,841 | 82,501 | 79,786 | 73,996 | 79,006 | 88,336 | 84,567 | 72,338 | 60,367 | 56,980 | 58,234 | 55,388 | 46,338 | 38,496 | -14,604 | -13,596 | -43,071 | -46,730 | -9,065 | -10,153 |
| 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 |
| ROA | 10.68% | 9.93% | 9.41% | 9.00% | 9.55% | 12.19% | 11.37% | 9.77% | 8.40% | 7.94% | 8.10% | 7.74% | 6.67% | 5.57% | -2.13% | -1.91% | -6.46% | -7.24% | -1.33% | -1.44% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $86,841K ÷ $813,420K
= 10.68%
Quanex Building Products' return on assets (ROA) has exhibited fluctuations over the past few quarters. The ROA has generally been positive, indicating the company's ability to generate profits from its assets.
The trend shows a gradual improvement from negative ROA figures in early 2020 to positive figures in recent quarters, peaking at 12.19% in October 2022. However, there was a decline in the most recent quarter (January 2024) to 10.68%.
Overall, the company's ROA performance appears to have stabilized at a relatively healthy level around 9-10% in recent quarters, indicating efficient utilization of assets to generate profits. Monitoring future trends in ROA will be important to assess the company's continued financial performance and efficiency in asset management.
Peer comparison
Jan 31, 2024