Universal Corporation (UVV)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 222,009 | 206,205 | 196,267 | 178,841 | 181,072 | 185,802 | 171,049 | 162,976 | 160,315 | 165,936 | 163,349 | 149,887 | 147,810 | 116,604 | 100,533 | 127,381 | 126,367 | 155,577 | 149,143 | 160,314 |
| Total assets | US$ in thousands | 2,937,240 | 2,833,870 | 2,861,770 | 2,887,660 | 2,639,180 | 2,764,900 | 2,814,000 | 2,779,380 | 2,586,340 | 2,593,530 | 2,425,800 | 2,396,090 | 2,341,920 | 2,388,640 | 2,242,290 | 2,106,840 | 2,120,920 | 2,150,720 | 2,218,230 | 2,177,880 |
| Operating ROA | 7.56% | 7.28% | 6.86% | 6.19% | 6.86% | 6.72% | 6.08% | 5.86% | 6.20% | 6.40% | 6.73% | 6.26% | 6.31% | 4.88% | 4.48% | 6.05% | 5.96% | 7.23% | 6.72% | 7.36% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $222,009K ÷ $2,937,240K
= 7.56%
The operating return on assets (operating ROA) for Universal Corporation has shown fluctuations over the past quarters. The trend indicates that the company's ability to generate operating income relative to its total assets has varied.
From Mar 31, 2024 to Dec 31, 2019, the operating ROA ranged from a low of 4.48% to a high of 7.56%. There was an increase in the operating ROA from Sep 30, 2020 to Mar 31, 2023, with the ratio peaking at 7.36% on Sep 30, 2019. However, the operating ROA declined in the subsequent quarters until Mar 31, 2024.
Overall, the operating ROA for Universal Corporation has experienced fluctuations but has generally remained within a moderate range of around 4.48% to 7.56%, indicating the company's efficiency in generating operating income relative to its total assets.
Peer comparison
Mar 31, 2024