Universal Corporation (UVV)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 119,598 | 124,052 | 86,577 | 87,410 | 71,680 |
| Total assets | US$ in thousands | 2,937,240 | 2,639,180 | 2,586,340 | 2,341,920 | 2,120,920 |
| ROA | 4.07% | 4.70% | 3.35% | 3.73% | 3.38% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $119,598K ÷ $2,937,240K
= 4.07%
Universal Corporation's return on assets (ROA) has shown some fluctuations over the past five years. In the fiscal year ending March 31, 2024, the company's ROA decreased to 4.07% from 4.70% in the previous year. This decline may indicate that the company's ability to generate profits from its assets slightly weakened.
Comparing the latest ROA to earlier years, we observe that Universal Corporation's ROA was higher in the fiscal years ending March 31, 2023 and March 31, 2021, at 4.70% and 3.73% respectively. This suggests that the company may have been more efficient in utilizing its assets to generate profits in those periods.
However, in the fiscal years ending March 31, 2022 and March 31, 2020, the ROA was 3.35% and 3.38% respectively, indicating a similar level of profitability from the company's assets in those years.
Overall, Universal Corporation's ROA has fluctuated between 3.35% and 4.70% over the past five years, suggesting some variability in the company's ability to generate returns from its assets. Further analysis of the factors influencing these fluctuations, such as changes in revenue, costs, or asset efficiency, would be necessary to fully interpret the trends in the company's ROA over time.
Peer comparison
Mar 31, 2024