Thor Industries Inc (THO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 265,308 | 265,580 | 271,788 | 291,651 | 374,271 | 564,927 | 792,259 | 1,031,747 | 1,137,804 | 1,087,141 | 922,401 | 788,357 | 659,872 | 548,760 | 389,517 | 285,666 | 222,974 | 195,861 | 204,477 | 170,387 |
| 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 |
| ROA | 3.78% | 3.68% | 3.76% | 4.07% | 5.15% | 7.48% | 10.84% | 14.17% | 15.36% | 14.05% | 12.03% | 10.15% | 9.92% | 8.17% | 6.12% | 4.87% | 3.86% | 3.49% | 3.63% | 3.04% |
July 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $265,308K ÷ $7,020,820K
= 3.78%
Thor Industries Inc's return on assets (ROA) has shown a declining trend over the past few quarters. ROA decreased from 4.07% in October 2023 to 3.78% in July 2024. This trend indicates that the company's ability to generate profits from its assets has weakened.
Historically, Thor Industries Inc had relatively high ROA figures, with the highest being 15.36% in July 2022. However, the ROA has been gradually decreasing since then. The most recent ROA of 3.78% in July 2024 is at its lowest level in the provided data.
A declining ROA can be concerning as it suggests that the company may not be effectively utilizing its assets to generate profits. Investors and stakeholders may want to further investigate the reasons behind this trend and assess the company's operational efficiency and profitability.
Peer comparison
Jul 31, 2024