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 86,454 195,685 104,277 -326,151 57,907
Total assets US$ in thousands 1,686,270 1,714,840 1,761,170 2,450,940 2,980,330
Operating ROA 5.13% 11.41% 5.92% -13.31% 1.94%

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

Company name
Symbol
Operating ROA
Triumph Group Inc
TGI
5.13%
AAR Corp
AIR
4.39%
Textron Inc
TXT
-12.03%