Universal Corporation (UVV)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 119,598 | 132,987 | 121,431 | 115,158 | 124,052 | 96,115 | 89,395 | 87,050 | 86,577 | 100,168 | 98,501 | 86,493 | 87,410 | 63,614 | 56,307 | 76,882 | 71,680 | 87,476 | 89,645 | 93,014 |
| 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 |
| ROA | 4.07% | 4.69% | 4.24% | 3.99% | 4.70% | 3.48% | 3.18% | 3.13% | 3.35% | 3.86% | 4.06% | 3.61% | 3.73% | 2.66% | 2.51% | 3.65% | 3.38% | 4.07% | 4.04% | 4.27% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $119,598K ÷ $2,937,240K
= 4.07%
Universal Corporation's return on assets (ROA) has been fluctuating over the past several quarters, ranging from a low of 2.51% to a high of 4.70%. It indicates the company's ability to generate earnings from its assets.
The trend shows that the ROA has generally been trending upwards over the last few quarters, with a few fluctuations along the way. The most recent ROA of 4.07% as of March 31, 2024, is slightly lower than the previous quarter but still higher than the average over the period shown in the table.
Overall, Universal Corporation has been able to effectively utilize its assets to generate profits, as evidenced by its ROA consistently above 3%. However, it may be important to further analyze the reasons behind the fluctuations in the ROA to assess the company's operational efficiency and performance.
Peer comparison
Mar 31, 2024