Constellation Brands Inc Class A (STZ)

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	1,727,400	1,558,000	1,516,600	-324,600	-71,000	101,400	104,500	1,257,200	-40,400	-52,900	757,200	1,267,800	1,998,000	2,013,500	1,093,000	55,700	-11,800	829,300	772,000	2,446,700
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
ROA		6.72%	6.22%	6.08%	-1.31%	-0.29%	0.41%	0.43%	4.87%	-0.16%	-0.21%	2.99%	4.84%	7.37%	7.29%	4.13%	0.21%	-0.04%	3.06%	2.80%	8.45%

February 29, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,727,400K ÷ $25,691,700K
= 6.72%

Constellation Brands Inc Class A's return on assets (ROA) has shown fluctuations over the provided historical periods. The ROA ranged from -1.31% to 8.45% during the analyzed periods.

The company experienced negative ROA in two periods, specifically in May 31, 2023, and February 29, 2020, which might indicate challenges in generating profits relative to its total assets during those periods.

On the positive side, the company achieved ROA above 6% in several periods, with the highest ROA of 8.45% observed in August 31, 2019. This suggests that Constellation Brands Inc Class A was able to efficiently utilize its assets to generate profits during those periods.

Overall, the company's ROA performance has been mixed over the historical periods, with some periods showing significant profitability relative to its asset base, while others indicating challenges in asset utilization. Stakeholders may want to monitor future ROA trends to assess the company's ability to generate profits from its assets consistently.