Vestis Corporation (VSTS)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|
| Net income | US$ in thousands | 213,158 | 141,679 | 74,270 | 111,647 |
| Total assets | US$ in thousands | 3,157,120 | 3,133,010 | 3,108,380 | — |
| ROA | 6.75% | 4.52% | 2.39% | — |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $213,158K ÷ $3,157,120K
= 6.75%
Vestis Corporation's Return on Assets (ROA) has shown a positive trend over the years based on the data provided. The ROA has consistently improved, standing at 6.75% as of September 30, 2023, compared to 4.52% in 2022 and 2.39% in 2021. This indicates that the company is effectively utilizing its assets to generate profits for its stakeholders. The increasing ROA reflects improved operational efficiency and profitability, which could be a result of effective cost management, revenue growth, or asset utilization. It suggests that Vestis Corporation is making efficient use of its assets to generate earnings and create value for its shareholders.
Peer comparison
Sep 30, 2023