Vestis Corporation (VSTS)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 20,970 | 183,616 | 204,072 | 191,956 | 213,158 | -12,819 | 4,333 | |||
| Total assets | US$ in thousands | 2,932,390 | 3,145,630 | 3,121,660 | 3,161,750 | 3,157,120 | 3,169,800 | 3,176,540 | — | 3,133,010 | — |
| ROA | 0.72% | 5.84% | 6.54% | 6.07% | 6.75% | -0.40% | 0.14% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $20,970K ÷ $2,932,390K
= 0.72%
Based on the data provided for Vestis Corporation's return on assets (ROA) over the past quarters, there has been variability in the company's performance. The ROA values fluctuated between a low of -0.40% in the second quarter of 2023 and a high of 6.75% in the third quarter of 2023.
It is noteworthy that the ROA values have generally been positive, indicating the company's ability to generate profit relative to its total assets. The highest ROA of 6.75% in the third quarter of 2023 suggests that Vestis Corporation was able to effectively utilize its assets to generate earnings during that period.
However, the significant decrease in ROA to -0.40% in the second quarter of 2023 raises concerns about the company's asset management efficiency during that particular period. It is important for Vestis Corporation to closely monitor its asset utilization and profitability to ensure sustained financial performance.
Overall, the trend in Vestis Corporation's ROA indicates some level of inconsistency in asset performance over the quarters, highlighting the importance of continuous monitoring and strategic management of assets to improve overall profitability.
Peer comparison
Sep 30, 2024