Thor Industries Inc (THO)
Return on assets (ROA)
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 265,308 | 374,271 | 1,137,800 | 659,872 | 222,974 |
| Total assets | US$ in thousands | 7,020,820 | 7,260,830 | 7,408,130 | 6,654,090 | 5,771,460 |
| ROA | 3.78% | 5.15% | 15.36% | 9.92% | 3.86% |
July 31, 2024 calculation
ROA = Net income ÷ Total assets
= $265,308K ÷ $7,020,820K
= 3.78%
Thor Industries Inc's return on assets (ROA) has fluctuated over the past five years, ranging from 3.78% to 15.36%. In the latest year, the ROA stood at 3.78%, reflecting a decrease compared to the previous years. This indicates that the company generated 3.78 cents of profit for every dollar of assets it holds. It is important to note that a higher ROA signifies more efficient asset utilization and profitability. Therefore, further investigation into the underlying factors affecting the ROA trend is recommended to assess Thor Industries Inc's financial performance and efficiency in utilizing its assets effectively.
Peer comparison
Jul 31, 2024