WD-40 Company (WDFC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 69,644 | 69,435 | 68,488 | 69,478 | 65,993 | 64,204 | 59,789 | 62,771 | 67,329 | 60,952 | 67,478 | 65,161 | 70,229 | 81,485 | 75,003 | 72,139 | 60,710 | 49,629 | 53,244 | 54,823 |
| 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 |
| ROA | 15.51% | 15.65% | 15.49% | 16.13% | 15.07% | 14.66% | 13.28% | 14.22% | 15.50% | 14.20% | 15.95% | 15.46% | 16.32% | 19.04% | 18.47% | 18.67% | 16.74% | 12.86% | 15.97% | 17.27% |
August 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $69,644K ÷ $449,039K
= 15.51%
WD-40 Company's return on assets (ROA) has shown fluctuations over the past 20 quarters. The ROA ranged from a low of 12.86% in August 2020 to a high of 19.04% in May 2021. On average, the ROA over the period was 15.38%, indicating that, on average, the company generated a net income of approximately 15.38% on its total assets.
The ROA trend shows some volatility, with some quarters performing better than others. In recent quarters, the ROA has generally been above 15%, indicating that the company has been effectively utilizing its assets to generate profits. However, it is important to note that there was a slight decrease in ROA in the most recent quarter to 15.51%, compared to the 15.65% in the previous quarter.
Overall, WD-40 Company's ROA performance suggests that the company has been relatively efficient in generating profits from its assets, although there have been some fluctuations in its performance over the analyzed period.
Peer comparison
Aug 31, 2024