Thor Industries Inc (THO)
Operating return on assets (Operating ROA)
| Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 443,141 | 437,610 | 462,069 | 482,804 | 584,745 | 792,136 | 1,089,700 | 1,415,182 | 1,531,876 | 1,490,861 | 1,248,805 | 1,063,827 | 907,212 | 759,119 | 569,588 | 449,861 | 376,253 | 334,642 | 371,559 | 355,977 |
| Total assets | US$ in thousands | 7,020,820 | 7,218,200 | 7,225,830 | 7,172,470 | 7,260,830 | 7,553,960 | 7,311,960 | 7,281,260 | 7,408,130 | 7,735,500 | 7,665,140 | 7,768,770 | 6,654,090 | 6,713,970 | 6,369,550 | 5,860,920 | 5,771,460 | 5,612,290 | 5,628,480 | 5,607,540 |
| Operating ROA | 6.31% | 6.06% | 6.39% | 6.73% | 8.05% | 10.49% | 14.90% | 19.44% | 20.68% | 19.27% | 16.29% | 13.69% | 13.63% | 11.31% | 8.94% | 7.68% | 6.52% | 5.96% | 6.60% | 6.35% |
July 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $443,141K ÷ $7,020,820K
= 6.31%
Thor Industries Inc's operating return on assets (operating ROA) has shown some fluctuations over the past several quarters. The trend indicates that the company's ability to generate operating profits from its assets has varied.
The operating ROA has generally been above 6% in recent quarters, with some peaks reaching as high as 20.68%. This suggests that the company has been able to effectively utilize its assets to generate operating income. However, there have been fluctuations in the operating ROA, with some quarters showing higher returns than others.
It is important to note that a higher operating ROA indicates better profitability and efficiency in utilizing assets to generate earnings. The trend of the operating ROA should be monitored closely to assess the company's operational performance and efficiency over time.
Peer comparison
Jul 31, 2024