WD-40 Company (WDFC)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 96,351 | 95,536 | 94,017 | 95,229 | 89,724 | 86,032 | 79,359 | 81,949 | 87,330 | 80,260 | 88,597 | 84,509 | 88,841 | 100,887 | 93,378 | 90,908 | 77,220 | 75,765 | 79,155 | 80,685 |
| Total assets | US$ in thousands | 449,039 | 443,610 | 442,021 | 430,606 | 437,966 | 438,050 | 450,337 | 441,493 | 434,295 | 429,123 | 423,146 | 421,439 | 430,203 | 427,887 | 405,987 | 386,398 | 362,637 | 385,951 | 333,331 | 317,491 |
| Operating ROA | 21.46% | 21.54% | 21.27% | 22.12% | 20.49% | 19.64% | 17.62% | 18.56% | 20.11% | 18.70% | 20.94% | 20.05% | 20.65% | 23.58% | 23.00% | 23.53% | 21.29% | 19.63% | 23.75% | 25.41% |
August 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $96,351K ÷ $449,039K
= 21.46%
Operating Return on Assets (Operating ROA) is a key financial ratio used to evaluate a company's efficiency in generating profits from its assets. WD-40 Company's Operating ROA has shown some fluctuations over the past 8 quarters, ranging from a low of 17.62% in February 2023 to a high of 25.41% in May 2020. The company's Operating ROA generally reflects a strong performance, consistently staying above 20% in most periods.
The upward trend in Operating ROA from November 2019 to February 2020 indicates improved efficiency in asset utilization and profitability. Despite some fluctuations, the company has managed to maintain a relatively high Operating ROA, suggesting effective management of assets to generate operating income.
Overall, the Operating ROA trend for WD-40 Company demonstrates that it has been successful in generating profits from its assets over the analyzed period. This ratio reflects the company's ability to efficiently utilize its assets to generate operating income, which is a positive sign for investors and stakeholders.
Peer comparison
Aug 31, 2024