Triumph Group Inc (TGI)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 86,454 | 161,188 | 140,547 | 133,676 | 237,614 |
| Total assets | US$ in thousands | 1,686,270 | 1,714,840 | 1,760,700 | 2,450,940 | 2,980,330 |
| Operating ROA | 5.13% | 9.40% | 7.98% | 5.45% | 7.97% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $86,454K ÷ $1,686,270K
= 5.13%
The operating return on assets (operating ROA) for Triumph Group Inc has fluctuated over the past five years. It stood at 5.13% as of March 31, 2024, reflecting a decrease from the previous year's level of 11.41%. This decline indicates that the company's operating profits generated from its assets decreased in the most recent period compared to the previous year.
Looking back over the five-year period, Triumph Group Inc experienced variability in its operating ROA. The company's performance was notably negative in March 2021, with an operating ROA of -13.31%, suggesting that operating profits were insufficient to cover the asset base during that period.
In contrast, Triumph Group Inc demonstrated improved performance in March 2023 with an operating ROA of 11.41%, indicating a strong ability to generate operating profits relative to its asset base. However, the company's operating ROA in March 2022 and March 2020 was moderate at 5.92% and 1.94% respectively.
Overall, Triumph Group Inc's operating ROA has shown fluctuations over the past five years, reflecting changes in operating profitability relative to its asset base. Further analysis of the factors contributing to these fluctuations would be necessary to assess the company's operational efficiency and profitability trends effectively.
Peer comparison
Mar 31, 2024