RPM International Inc (RPM)
Operating return on assets (Operating ROA)
| May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 600,530 | 575,395 | 553,867 | 525,655 | 490,732 | 533,353 | 525,999 | 515,786 | 452,567 | 430,630 | 429,901 | 428,660 | 488,569 | 1,050,919 | 1,033,631 | 972,929 | 888,300 | 1,018,100 | 999,152 | 984,577 |
| Total assets | US$ in thousands | 6,586,540 | 6,382,400 | 6,537,380 | 6,715,280 | 6,782,000 | 6,609,420 | 6,849,510 | 6,802,990 | 6,707,710 | 6,330,600 | 6,254,900 | 6,166,200 | 6,252,970 | 5,792,380 | 5,790,210 | 5,694,420 | 5,630,950 | 5,565,870 | 5,581,000 | 5,596,420 |
| Operating ROA | 9.12% | 9.02% | 8.47% | 7.83% | 7.24% | 8.07% | 7.68% | 7.58% | 6.75% | 6.80% | 6.87% | 6.95% | 7.81% | 18.14% | 17.85% | 17.09% | 15.78% | 18.29% | 17.90% | 17.59% |
May 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $600,530K ÷ $6,586,540K
= 9.12%
RPM International Inc's operating return on assets (ROA) has shown fluctuations over the past 20 quarters. The operating ROA has ranged from a low of 6.75% in May 31, 2022, to a high of 18.29% in August 31, 2019. The average operating ROA over the period is approximately 9.39%.
The trend in operating ROA indicates some volatility, with occasional spikes and dips. From November 2021 to February 2022, there was a noticeable increase in operating ROA, reaching a peak of 8.07% in February 28, 2022. The operating ROA then experienced a slight decline before regaining momentum in November 2022, exceeding 8% again.
Overall, the operating ROA for RPM International Inc demonstrates a generally positive performance, staying above 6% throughout the period. Investors and stakeholders may find the company's ability to generate operating profits relative to its assets, as reflected by the ROA, to be stable and indicative of effective management of resources.
Peer comparison
May 31, 2024