Unifirst Corporation (UNF)
Operating return on assets (Operating ROA)
| Feb 24, 2024 | Nov 25, 2023 | Aug 26, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 25, 2019 | Feb 23, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 138,014 | 153,489 | 133,603 | 131,076 | 132,979 | 134,351 | 146,031 | 166,493 | 184,573 | 195,825 | 191,693 | 165,242 | 168,676 | 172,729 | 190,854 | 223,358 | 241,677 | 232,008 | 214,510 | 201,385 |
| Total assets | US$ in thousands | 2,620,950 | 2,602,050 | 2,569,980 | 2,454,320 | 2,450,750 | 2,427,970 | 2,410,820 | 2,412,600 | 2,397,510 | 2,381,060 | 2,335,920 | 2,275,760 | 2,234,160 | 2,199,030 | 2,153,270 | 2,152,860 | 2,123,580 | 2,047,320 | 1,981,300 | 1,954,110 |
| Operating ROA | 5.27% | 5.90% | 5.20% | 5.34% | 5.43% | 5.53% | 6.06% | 6.90% | 7.70% | 8.22% | 8.21% | 7.26% | 7.55% | 7.85% | 8.86% | 10.37% | 11.38% | 11.33% | 10.83% | 10.31% |
February 24, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $138,014K ÷ $2,620,950K
= 5.27%
Unifirst Corporation's operating return on assets (operating ROA) has exhibited fluctuations over the past few years. The operating ROA has generally been above 5%, indicating that the company has been generating positive returns from its operations relative to its assets.
There is a noticeable upward trend in the operating ROA from May 2020 to May 2021, reaching a peak of 11.38% in February 2020. This uptrend suggests that Unifirst Corporation has been more efficient in generating operating income from its assets during this period.
However, there was a slight decline in the operating ROA from May 2021 to the most recent data point in February 2024. Despite this decline, the operating ROA remained above 5%, indicating that Unifirst Corporation continues to generate positive returns from its operational activities in relation to its asset base.
Overall, the historical trend of Unifirst Corporation's operating ROA reflects the company's ability to efficiently utilize its assets to generate operating income. It is important for stakeholders to monitor the operating ROA over time to assess the company's operational efficiency and profitability.
Peer comparison
Feb 24, 2024