Vestis Corporation (VSTS)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 157,951 | 217,909 | 192,243 | 96,239 | 149,720 |
| Total assets | US$ in thousands | 2,932,390 | 3,157,120 | 3,133,010 | 3,108,380 | — |
| Operating ROA | 5.39% | 6.90% | 6.14% | 3.10% | — |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $157,951K ÷ $2,932,390K
= 5.39%
Vestis Corporation's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. In the latest fiscal year ending September 30, 2024, the operating ROA was reported at 5.39%, representing a decrease from the prior year's figure of 6.90%.
Comparing the data over the past five years, the highest operating ROA was observed in September 30, 2023, at 6.90%, indicating that the company was more efficient in generating operating income relative to its total assets during that period. In contrast, the lowest operating ROA was recorded in September 30, 2021, at 3.10%, suggesting a lower level of profitability per dollar of assets utilized.
The overall trend in operating ROA suggests some variability in Vestis Corporation's operational efficiency and profitability over the years. It is important for the company to assess the factors contributing to these fluctuations and implement strategies to improve operating performance in order to enhance overall financial health and shareholder value.
Peer comparison
Sep 30, 2024