Winnebago Industries Inc (WGO)
Operating return on assets (Operating ROA)
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 300,700 | 583,500 | 407,400 | 113,763 | 155,267 |
| Total assets | US$ in thousands | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 | 1,104,230 |
| Operating ROA | 12.36% | 24.14% | 19.75% | 6.64% | 14.06% |
August 26, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $300,700K ÷ $2,432,400K
= 12.36%
To analyze Winnebago Industries, Inc.'s operating return on assets (operating ROA) over the past five years, we can observe a fluctuating trend. In 2023, the operating ROA decreased to 12.36% from the previous year's 24.14%. However, it still remains higher than the 2019 and 2020 levels, indicating an overall improvement over the span of five years.
The significant increase in operating ROA from 2019 to 2022 suggests that the company's operating income generated from its assets improved substantially during this period. However, the decrease in 2023 indicates a potential change in the efficiency of asset utilization or the profitability of operations.
It is important to investigate the factors that contributed to this variation in operating ROA, such as changes in operating income, total assets, or a combination of both. Further analysis is imperative to understand the drivers behind this fluctuation and to assess the company's overall financial performance and operational efficiency.
Peer comparison
Aug 26, 2023