Scholastic Corporation (SCHL)
Return on assets (ROA)
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 12,100 | 86,300 | 80,900 | -11,000 | -43,800 |
| Total assets | US$ in thousands | 1,671,200 | 1,866,700 | 1,940,800 | 2,008,300 | 2,033,600 |
| ROA | 0.72% | 4.62% | 4.17% | -0.55% | -2.15% |
May 31, 2024 calculation
ROA = Net income ÷ Total assets
= $12,100K ÷ $1,671,200K
= 0.72%
Scholastic Corporation's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 0.72% in 2024, a significant decrease from the previous year's ROA of 4.62% in 2023. This decline indicates that the company's ability to generate profits from its assets has weakened.
In 2022, Scholastic saw a ROA of 4.17%, maintaining a relatively stable performance compared to the previous year. However, there was a significant improvement compared to 2020 and 2021 when the ROA was -0.55% and -2.15%, respectively. These negative ROA values suggest that the company experienced challenges in generating profits relative to its asset base during those years.
Overall, Scholastic Corporation's ROA performance has been mixed in the past five years, with fluctuations ranging from negative values to positive values. This indicates variability in the efficiency of the company's asset utilization and profitability generation during this period. Monitoring and analyzing the factors influencing these fluctuations will be crucial for understanding the company's financial health and performance going forward.
Peer comparison
May 31, 2024