Unifirst Corporation (UNF)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | May 25, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 183,578 | 165,754 | 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 |
| Total assets | US$ in thousands | 2,696,410 | 2,651,420 | 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 |
| Operating ROA | 6.81% | 6.25% | 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% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $183,578K ÷ $2,696,410K
= 6.81%
The operating return on assets (operating ROA) of Unifirst Corporation has fluctuated over the time period provided. The company's operating ROA ranged from a low of 5.20% in August 2023 to a high of 11.38% in November 2019. Overall, there seems to be a general upward trend in operating ROA from November 2019 to August 2024, with some variations along the way.
The operating ROA measures the company's efficiency in generating operating profits from its assets. A higher operating ROA indicates better efficiency in utilizing its assets to generate operating income. Therefore, the increasing trend in operating ROA for Unifirst Corporation suggests improved efficiency in generating operating profits relative to its assets over the years.
It is important for investors and stakeholders to monitor the company's operating ROA as it reflects the company's operational performance and efficiency in generating profits. An increasing operating ROA could indicate positive developments in the company's operations, while a decreasing operating ROA may signal operational inefficiencies or difficulties in generating profits from its assets.
Peer comparison
Aug 31, 2024