Unifirst Corporation (UNF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 168,098 | 157,237 |
| 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 |
| ROA | 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% | 8.48% | 8.05% |
February 24, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $106,318K ÷ $2,620,950K
= 4.06%
The Return on Assets (ROA) of Unifirst Corporation has shown a decreasing trend from November 2019 to February 2024. The ROA decreased from 8.05% in February 2019 to 4.06% in February 2024. This decline indicates a decreasing efficiency in generating profits from its assets over the period.
The ROA peaked at 8.90% in November 2019 and then gradually decreased until February 2024. It is important to note that a higher ROA signifies better asset utilization and profit generation. However, the decreasing trend in ROA for Unifirst Corporation suggests a potential decline in its overall profitability relative to its asset base.
Further analysis of the company's financial performance and operational efficiency may be necessary to identify the factors contributing to the decline in ROA and to formulate strategies for improving asset utilization and profitability in the future.
Peer comparison
Feb 24, 2024