Toro Co (TTC)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 418,900 | 329,700 | 443,300 | 409,880 | 329,701 |
| Total assets | US$ in thousands | 3,582,800 | 3,644,300 | 3,556,000 | 2,936,140 | 2,853,230 |
| ROA | 11.69% | 9.05% | 12.47% | 13.96% | 11.56% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $418,900K ÷ $3,582,800K
= 11.69%
The Return on Assets (ROA) of Toro Co has fluctuated over the past five years, with a range from 9.05% to 13.96%. In 2024, the ROA increased to 11.69% from 9.05% in 2023, indicating improved efficiency in generating profits from its assets. However, it is still lower than the ROA observed in 2022 and 2021. The variability in ROA suggests that Toro Co's asset utilization and profitability performance have not been consistent over the years. Further analysis is needed to understand the factors driving these fluctuations and to assess the company's overall financial health.