Thor Industries Inc (THO)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 443,141 | 584,745 | 1,531,880 | 907,212 | 376,253 |
| Total assets | US$ in thousands | 7,020,820 | 7,260,830 | 7,408,130 | 6,654,090 | 5,771,460 |
| Operating ROA | 6.31% | 8.05% | 20.68% | 13.63% | 6.52% |
July 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $443,141K ÷ $7,020,820K
= 6.31%
Operating ROA measures how efficiently a company generates operating profits relative to its total assets. Thor Industries Inc's operating ROA has fluctuated over the past five years.
In the most recent fiscal year, ending on July 31, 2024, Thor's operating ROA stood at 6.31%. This represents a decrease compared to the previous year, when it was 8.05%. The decline in operating ROA indicates a decrease in the company's ability to generate operating income from its assets.
Looking back further, Thor's operating ROA was notably high in the fiscal year ending on July 31, 2022, at 20.68%. This peak performance suggests that the company effectively utilized its assets to generate operating income during that period.
Overall, the fluctuation in Thor Industries Inc's operating ROA over the past five years indicates variability in the company's operational efficiency and profitability in relation to its asset base. The company may need to focus on optimizing asset utilization to enhance its profitability in the future.
Peer comparison
Jul 31, 2024