WD-40 Company (WDFC)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 96,351 | 89,724 | 87,330 | 88,841 | 77,220 |
| Total assets | US$ in thousands | 449,039 | 437,966 | 434,295 | 430,203 | 362,637 |
| Operating ROA | 21.46% | 20.49% | 20.11% | 20.65% | 21.29% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $96,351K ÷ $449,039K
= 21.46%
The operating return on assets (operating ROA) of WD-40 Company has shown a relatively stable trend over the past five years, ranging from 20.11% in 2022 to 21.46% in 2024. This signifies the company's ability to generate operating profits from its assets efficiently.
The consistently high operating ROA indicates that WD-40 Company effectively utilizes its assets to generate operating income, reflecting strong operational performance and efficiency. Investors and stakeholders may view this positively as it demonstrates the company's ability to generate profits relative to the investment in its assets.
Overall, the trend in WD-40 Company's operating ROA suggests that the company has been efficiently managing its assets to drive operating profitability, which can be a key indicator of financial health and performance.
Peer comparison
Aug 31, 2024