Constellation Brands Inc Class A (STZ)
Operating return on assets (Operating ROA)
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,169,700 | 2,842,900 | 2,331,700 | 2,791,100 | 2,154,500 |
| Total assets | US$ in thousands | 25,691,700 | 24,662,300 | 25,855,800 | 27,104,800 | 27,323,200 |
| Operating ROA | 12.34% | 11.53% | 9.02% | 10.30% | 7.89% |
February 29, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $3,169,700K ÷ $25,691,700K
= 12.34%
Constellation Brands Inc Class A has demonstrated a consistent improvement in its operating return on assets (operating ROA) over the past five years. The operating ROA increased from 7.89% in fiscal year 2020 to 12.34% in fiscal year 2024, reflecting the company's ability to generate operating income relative to its total assets. This upward trend indicates that Constellation Brands Inc Class A has been effectively utilizing its assets to generate operating profits. The consistent improvement in operating ROA suggests that the company has been implementing effective operational strategies and optimizing asset utilization to drive profitability. Overall, the positive trend in operating ROA reflects Constellation Brands Inc Class A's efficiency and effectiveness in generating operating income in relation to its asset base.
Peer comparison
Feb 29, 2024