RPM International Inc (RPM)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 588,397 | 559,146 | 524,921 | 510,760 | 478,691 | 526,336 | 532,381 | 525,912 | 491,481 | 448,623 | 453,846 | 456,630 | 502,643 | 455,810 | 429,421 | 378,792 | 304,385 | 328,451 | 330,788 | 302,982 |
| 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 |
| ROA | 8.93% | 8.76% | 8.03% | 7.61% | 7.06% | 7.96% | 7.77% | 7.73% | 7.33% | 7.09% | 7.26% | 7.41% | 8.04% | 7.87% | 7.42% | 6.65% | 5.41% | 5.90% | 5.93% | 5.41% |
May 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $588,397K ÷ $6,586,540K
= 8.93%
The Return on Assets (ROA) for RPM International Inc has shown a generally positive trend over the past two years. The ROA has been consistently above 7% since November 2020, reaching a peak of 8.93% as of May 31, 2024. This indicates that the company is generating a solid level of profit relative to its total assets.
The fluctuations in ROA over the period suggest that the company's efficiency in generating profits from its assets may have been impacted by various factors such as changes in revenue, expenses, and asset utilization. Despite these fluctuations, the overall trend reflects a strong performance in terms of utilizing assets effectively to generate profits.
Investors and stakeholders may view the increasing trend in ROA positively as it indicates that the company is managing its assets efficiently and effectively to generate higher returns. However, it is important to continue monitoring the ROA along with other financial indicators to assess the company's overall financial health and performance.
Peer comparison
May 31, 2024