Powell Industries Inc (POWL)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 54,525 | 13,737 | 631 | 16,660 | 9,890 |
| Total assets | US$ in thousands | 752,242 | 493,380 | 436,192 | 472,278 | 467,411 |
| ROA | 7.25% | 2.78% | 0.14% | 3.53% | 2.12% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $54,525K ÷ $752,242K
= 7.25%
Powell Industries, Inc.'s return on assets (ROA) has shown a fluctuating trend over the past five years. In 2023, the ROA stood at 7.25%, which represents a significant improvement from the previous year's 2.78%. This indicates that the company has been able to generate a higher level of profit relative to its total assets in the most recent fiscal year. Additionally, the 2023 ROA figure demonstrates a substantial improvement over the 2021 and 2019 ROA figures, signaling a positive trend in the company's asset efficiency and profitability. However, it is important to note that the 2023 ROA should be compared to industry benchmarks and the company's historical performance to provide a more comprehensive assessment.
Peer comparison
Sep 30, 2023