Constellation Brands Inc Class A (STZ)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,169,700 | 3,007,000 | 2,956,800 | 2,791,200 | 2,842,900 | 3,053,700 | 3,146,900 | 3,073,000 | 2,331,700 | 2,213,500 | 2,156,700 | 2,256,200 | 2,791,100 | 2,776,900 | 2,261,000 | 2,141,800 | 2,154,500 | 2,074,700 | 2,364,000 | 2,409,500 |
| Total assets | US$ in thousands | 25,691,700 | 25,057,400 | 24,930,000 | 24,759,200 | 24,662,300 | 24,463,000 | 24,280,900 | 25,841,100 | 25,855,800 | 25,527,300 | 25,340,300 | 26,192,400 | 27,104,800 | 27,630,600 | 26,462,500 | 26,149,800 | 27,323,200 | 27,093,700 | 27,555,100 | 28,951,100 |
| Operating ROA | 12.34% | 12.00% | 11.86% | 11.27% | 11.53% | 12.48% | 12.96% | 11.89% | 9.02% | 8.67% | 8.51% | 8.61% | 10.30% | 10.05% | 8.54% | 8.19% | 7.89% | 7.66% | 8.58% | 8.32% |
February 29, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,169,700K ÷ $25,691,700K
= 12.34%
Operating ROA measures the company's ability to generate profits from its operational assets. Constellation Brands Inc Class A's operating ROA has been relatively stable and positive over the past few quarters, ranging from 7.66% to 12.96%.
The increasing trend in operating ROA from May 2020 to Feb 2021 peaked at 12.96%, indicating improved efficiency in asset utilization and profitability during that period. However, there was a slight decline in operating ROA in the subsequent quarters, stabilizing around 11-12%.
The company's operating ROA remained above 10% for most of the periods, suggesting consistent profitability relative to its asset base. The fluctuations in operating ROA may indicate changes in operational performance, asset efficiency, or cost control measures.
Overall, Constellation Brands Inc Class A's operating ROA indicates a decent return on its operational assets, showcasing its ability to generate profits from its core business activities.
Peer comparison
Feb 29, 2024