Winnebago Industries Inc (WGO)
Return on assets (ROA)
| Aug 26, 2023 | Aug 27, 2022 | Aug 28, 2021 | Aug 29, 2020 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 215,900 | 390,600 | 281,900 | 61,442 | 111,798 |
| Total assets | US$ in thousands | 2,432,400 | 2,416,700 | 2,062,570 | 1,713,700 | 1,104,230 |
| ROA | 8.88% | 16.16% | 13.67% | 3.59% | 10.12% |
August 26, 2023 calculation
ROA = Net income ÷ Total assets
= $215,900K ÷ $2,432,400K
= 8.88%
Winnebago Industries, Inc.'s return on assets (ROA) measures the company's ability to generate profits from its assets. The trend of Winnebago's ROA over the past five years indicates the company's efficiency in utilizing its assets to generate earnings.
In 2023, Winnebago's ROA stood at 8.88%, representing a decrease from the previous year's ROA of 16.16%. This decline suggests a decrease in the company's ability to generate earnings relative to its assets in the most recent year.
In 2022, Winnebago achieved an ROA of 16.16%, marking a substantial increase from 13.67% in 2021. This improvement suggests that the company became more effective in generating earnings from its assets, reflecting positively on its operational efficiency.
In 2021, Winnebago's ROA was 13.67%, showing a solid performance in generating returns from its assets compared to the previous year's ROA of 3.59%. This significant increase demonstrates a commendable enhancement in the company's asset utilization and profitability.
In 2020, Winnebago's ROA was 3.59%, indicating a decrease from 10.12% in 2019. This decline points to a reduced ability to generate earnings from its assets compared to the previous year, indicating potential inefficiencies in its asset management.
In 2019, Winnebago reported an ROA of 10.12%, signaling an improvement from the prior year. This suggests that the company effectively utilized its assets to generate profits, demonstrating a positive trend in asset efficiency.
Overall, Winnebago Industries' ROA fluctuated over the five-year period, with the company demonstrating both improved and decreased efficiency in generating returns from its assets. The decreasing trend in recent years could be an area of concern, indicating a potential need for the company to focus on optimizing its asset utilization to regain its previous level of profitability.
Peer comparison
Aug 26, 2023