Triumph Group Inc (TGI)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 512,384 | 89,593 | -42,758 | -450,910 | -29,433 |
| Total assets | US$ in thousands | 1,686,270 | 1,714,840 | 1,761,170 | 2,450,940 | 2,980,330 |
| ROA | 30.39% | 5.22% | -2.43% | -18.40% | -0.99% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $512,384K ÷ $1,686,270K
= 30.39%
Triumph Group Inc's return on assets (ROA) has shown a significant improvement over the past five years. The company's ROA increased from -18.40% in March 2021 to 30.39% in March 2024, indicating a strong recovery in profitability and efficiency in utilizing its assets to generate earnings. This positive trend suggests that Triumph Group Inc has been able to generate higher profits relative to its asset base, reflecting improved operational performance and asset management. The upward trajectory in ROA is a positive signal for investors, indicating the company's ability to efficiently utilize its assets to create value and generate returns.
Peer comparison
Mar 31, 2024