Unifirst Corporation (UNF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 145,474 | 126,565 | 106,318 | 119,818 | 103,674 | 103,015 | 103,656 | 103,404 | 111,837 | 128,786 | 142,920 | 151,111 | 148,060 | 127,329 | 129,424 | 135,770 | 150,195 | 176,130 | 189,056 | 179,134 |
| 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 |
| ROA | 5.40% | 4.77% | 4.06% | 4.60% | 4.03% | 4.20% | 4.23% | 4.26% | 4.64% | 5.34% | 5.96% | 6.35% | 6.34% | 5.60% | 5.79% | 6.17% | 6.98% | 8.18% | 8.90% | 8.75% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $145,474K ÷ $2,696,410K
= 5.40%
Unifirst Corporation's return on assets (ROA) has shown fluctuations over the past few years, ranging from a low of 4.03% in August 2023 to a high of 8.90% in February 2020. The ROA for the most recent period, August 2024, stands at 5.40%. A higher ROA indicates that the company is able to generate more profit per dollar of assets, demonstrating better efficiency in asset utilization.
The trend in ROA for Unifirst Corporation has generally been positive from November 2019 to February 2022, showing consistent improvement. However, there has been some volatility in the ROA figures since then, with fluctuations in performance. It is important for stakeholders to further analyze the reasons behind these fluctuations to understand the underlying factors impacting the company's profitability and asset management strategies.
Overall, a ROA of 5.40% for the most recent period suggests that Unifirst Corporation is generating a reasonable level of return on its assets, but there may be room for improvement to enhance efficiency and profitability in the long term.
Peer comparison
Aug 31, 2024