Simulations Plus Inc (SLP)

Return on assets (ROA)

		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	May 31, 2019
Net income (ttm)	US$ in thousands	10,516	10,661	9,961	10,388	10,467	10,702	12,483	11,827	11,527	10,329	9,782	11,665	10,814	9,753	9,332	9,203	9,156	9,105	8,583	7,862
Total assets	US$ in thousands	193,973	185,778	186,101	179,134	173,201	190,461	188,382	186,223	185,044	180,994	179,978	179,083	175,769	170,470	168,422	35,885	49,200	47,763	45,197	45,502
ROA		5.42%	5.74%	5.35%	5.80%	6.04%	5.62%	6.63%	6.35%	6.23%	5.71%	5.44%	6.51%	6.15%	5.72%	5.54%	25.65%	18.61%	19.06%	18.99%	17.28%

February 29, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $10,516K ÷ $193,973K
= 5.42%

Simulations Plus Inc's Return on Assets (ROA) has varied over the past few quarters. The ROA percentage has ranged from a low of 5.35% in August 2023 to a high of 25.65% in February 2020. Generally, the company has maintained a moderate ROA level, with the latest reported ROA of 5.42% as of February 29, 2024. The trend in ROA depicts fluctuations, indicating differing levels of efficiency in generating profits relative to its total assets. It would be advisable to further investigate the factors contributing to these fluctuations to understand the company's performance drivers.