Toro Co (TTC)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Aug 2, 2024 | May 3, 2024 | Feb 2, 2024 | Oct 31, 2023 | Aug 4, 2023 | May 5, 2023 | Feb 3, 2023 | Oct 31, 2022 | Jul 29, 2022 | Apr 29, 2022 | Jan 28, 2022 | Oct 31, 2021 | Jul 30, 2021 | Apr 30, 2021 | Jan 29, 2021 | Oct 31, 2020 | Jul 31, 2020 | May 1, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 533,300 | 518,849 | 351,649 | 382,849 | 430,649 | 486,512 | 668,660 | 620,437 | 575,663 | 499,411 | 458,302 | 468,441 | 518,280 | 537,601 | 531,614 | 476,693 | 426,357 | 376,182 | 334,174 | 346,104 |
| Total assets | US$ in thousands | 3,582,800 | 3,731,400 | 3,852,200 | 3,801,100 | 3,644,300 | 3,585,900 | 3,741,400 | 3,654,900 | 3,556,000 | 3,439,950 | 3,479,310 | 3,253,040 | 2,936,140 | 2,968,050 | 2,996,110 | 2,875,140 | 2,853,230 | 2,813,860 | 2,811,480 | 2,491,610 |
| Operating ROA | 14.89% | 13.90% | 9.13% | 10.07% | 11.82% | 13.57% | 17.87% | 16.98% | 16.19% | 14.52% | 13.17% | 14.40% | 17.65% | 18.11% | 17.74% | 16.58% | 14.94% | 13.37% | 11.89% | 13.89% |
October 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $533,300K ÷ $3,582,800K
= 14.89%
The operating return on assets (operating ROA) for Toro Co has shown fluctuations over the periods provided. The trend indicates that the company has been able to generate varying levels of operating profit relative to its total assets.
Looking at the data, we can see that there is some volatility in the operating ROA figures, with percentages ranging from as low as 9.13% to as high as 18.11%. The highest operating ROA was recorded in May 2021 at 18.11%, while the lowest was in May 2024 at 9.13%.
Overall, Toro Co has generally maintained a favorable operating ROA, with figures consistently above 10% in most periods, indicative of efficient utilization of its assets to generate operating income. However, the downward trend in the most recent periods may suggest a potential decline in operational efficiency or profitability.
It would be important for stakeholders to further analyze the company's operational performance, asset management, and profitability drivers to understand the reasons behind the fluctuating operating ROA figures and to assess the company's long-term sustainability and growth prospects.