Unifirst Corporation (UNF)
Return on assets (ROA)
| Aug 31, 2024 | Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 145,474 | 103,674 | 103,404 | 151,111 | 135,770 |
| Total assets | US$ in thousands | 2,696,410 | 2,569,980 | 2,427,970 | 2,381,060 | 2,199,030 |
| ROA | 5.40% | 4.03% | 4.26% | 6.35% | 6.17% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $145,474K ÷ $2,696,410K
= 5.40%
The return on assets (ROA) of Unifirst Corporation has fluctuated over the past five years. In the most recent fiscal year ending on August 31, 2024, the company's ROA was 5.40%, showing an improvement compared to the previous year's ROA of 4.03% as of August 26, 2023.
Although there was an increase in ROA in 2024, it is important to note that the ROA was higher in the fiscal years ending on August 28, 2021 (6.35%) and August 29, 2020 (6.17%).
The trend indicates that Unifirst Corporation's ability to generate profits from its assets has varied over the years, with some years performing better than others. Further analysis of the company's financial and operational performance would be required to understand the reasons behind these fluctuations in ROA and to assess the overall efficiency and profitability of the company in utilizing its assets.
Peer comparison
Aug 31, 2024