Powell Industries Inc (POWL)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 178,773 | 62,520 | 7,224 | 1,019 | 19,071 |
| Total assets | US$ in thousands | 928,180 | 752,242 | 493,380 | 436,192 | 472,278 |
| Operating ROA | 19.26% | 8.31% | 1.46% | 0.23% | 4.04% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $178,773K ÷ $928,180K
= 19.26%
Powell Industries Inc's operating return on assets (operating ROA) has shown a significant improvement over the past five years, indicating better operational efficiency and profitability. The operating ROA has steadily increased from 4.04% in 2020 to 19.26% in 2024. This upward trend suggests that the company has been effectively utilizing its assets to generate operating income.
The substantial improvement in operating ROA from 2020 to 2024 reflects the company's ability to enhance its operational efficiency and profitability over time. The 2024 operating ROA of 19.26% is significantly higher compared to previous years, indicating improved performance and possibly more effective asset utilization strategies.
Overall, the trend in Powell Industries Inc's operating ROA showcases a positive trajectory, signaling a stronger financial performance and operational effectiveness over the years. This indicates that the company has been able to generate higher returns from its assets through its operational activities, which is a positive indication for investors and stakeholders.
Peer comparison
Sep 30, 2024