WD-40 Company (WDFC)
Return on assets (ROA)
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 69,644 | 65,993 | 67,329 | 70,229 | 60,710 |
| Total assets | US$ in thousands | 449,039 | 437,966 | 434,295 | 430,203 | 362,637 |
| ROA | 15.51% | 15.07% | 15.50% | 16.32% | 16.74% |
August 31, 2024 calculation
ROA = Net income ÷ Total assets
= $69,644K ÷ $449,039K
= 15.51%
WD-40 Company's return on assets (ROA) has shown a consistent performance over the past five years, ranging from 15.07% to 16.74%. The ROA measures how efficiently the company is generating profits from its assets. The trend indicates that the company has been able to effectively utilize its assets to generate earnings.
Although there was a slight decrease in ROA from 16.74% in 2020 to 15.51% in 2024, the company has maintained a relatively stable performance in this metric. This suggests that WD-40 Company has been able to effectively manage its assets to generate returns for its shareholders.
Overall, WD-40 Company's ROA performance indicates that the company has been successful in generating profits relative to its asset base over the years, reflecting good asset management and operational efficiency.
Peer comparison
Aug 31, 2024