Standex International Corporation (SXI)
Operating return on assets (Operating ROA)
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 101,738 | 103,067 | 169,742 | 171,716 | 171,089 | 161,836 | 97,789 | 91,756 | 88,294 | 91,493 | 72,673 | 67,638 | 59,164 | 46,872 | 58,131 | 59,032 | 60,529 | 69,823 | 69,762 | 72,330 |
| Total assets | US$ in thousands | 1,005,060 | 993,506 | 1,005,060 | 981,433 | 1,024,930 | 1,015,090 | 956,685 | 921,259 | 934,439 | 973,568 | 970,570 | 960,642 | 962,223 | 946,338 | 958,657 | 941,902 | 930,878 | 956,922 | 967,815 | 949,292 |
| Operating ROA | 10.12% | 10.37% | 16.89% | 17.50% | 16.69% | 15.94% | 10.22% | 9.96% | 9.45% | 9.40% | 7.49% | 7.04% | 6.15% | 4.95% | 6.06% | 6.27% | 6.50% | 7.30% | 7.21% | 7.62% |
June 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $101,738K ÷ $1,005,060K
= 10.12%
Operating return on assets (ROA) is a key financial ratio that provides insight into the efficiency of Standex International Corporation in generating profits from its operating activities relative to its total assets. Over the past several quarters, Standex International's operating ROA has demonstrated a positive trend, fluctuating within the range of 4.95% to 17.50%.
The increasing trend from 4.95% in March 2021 to 17.50% in September 2023 indicates an improvement in the company's ability to generate operating income relative to its assets. The peak of 17.50% in September 2023 suggests that Standex International was able to effectively utilize its assets to generate profits during that period. However, the subsequent decrease to 10.12% in June 2024 may raise concerns about the company's operational efficiency.
Overall, the average operating ROA of Standex International Corporation over the provided periods is approximately 9.06%. It is essential for the company to continue monitoring and optimizing its asset utilization to sustain or improve its operating ROA in the future, ultimately enhancing profitability and shareholder value.
Peer comparison
Jun 30, 2024