Unifirst Corporation (UNF)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 183,578 | 133,603 | 134,351 | 195,825 | 172,729 |
| Total assets | US$ in thousands | 2,696,410 | 2,569,980 | 2,427,970 | 2,381,060 | 2,199,030 |
| Operating ROA | 6.81% | 5.20% | 5.53% | 8.22% | 7.85% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $183,578K ÷ $2,696,410K
= 6.81%
Unifirst Corporation's operating return on assets (operating ROA) has fluctuated over the past five years. In the most recent fiscal year ending August 31, 2024, the operating ROA was 6.81%, showing an improvement from the previous year's 5.20%. However, this current ROA is lower than the 8.22% recorded in the fiscal year ending August 28, 2021.
Overall, Unifirst Corporation's operating ROA has displayed some variability but has generally remained above 5% over the past five years. This indicates that the company is effectively generating operating profits relative to its total assets, although there may be opportunities for improvement to reach or surpass the performance seen in the fiscal year ending August 28, 2021. It would be beneficial for stakeholders to monitor the trend in operating ROA to assess the company's operational efficiency and asset utilization in the future.
Peer comparison
Aug 31, 2024