Standex International Corporation (SXI)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 101,738 | 171,089 | 88,294 | 59,165 | 60,528 |
| Total assets | US$ in thousands | 1,005,060 | 1,024,930 | 934,439 | 962,223 | 930,878 |
| Operating ROA | 10.12% | 16.69% | 9.45% | 6.15% | 6.50% |
June 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $101,738K ÷ $1,005,060K
= 10.12%
Standex International Corporation's operating return on assets (ROA) has shown variability over the past five years. The operating ROA decreased from 16.69% in June 2023 to 9.45% in June 2022, before experiencing a notable increase to 10.12% in June 2024. This upward trend in operating ROA suggests that the company's operating income generated from its assets has improved in the most recent period compared to previous years, indicating potential efficiency and profitability enhancements in its operations. However, it is worth noting that the operating ROA was higher in June 2023 compared to June 2024, hinting at a potential dip in asset productivity during the most recent year. Further analysis of the underlying factors influencing these fluctuations would provide more insight into Standex International Corporation's operational performance and asset utilization efficiency.
Peer comparison
Jun 30, 2024