Advanced Drainage Systems Inc (WMS)
Return on assets (ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 450,172 | 467,837 | 492,245 | 497,665 | 509,915 | 500,986 | 477,387 | 493,592 | 507,086 | 467,500 | 459,138 | 382,490 | 271,331 | 244,778 | 224,874 | 229,751 | 224,230 | 206,781 | 176,295 | 103,648 |
| Total assets | US$ in thousands | 3,690,360 | 3,602,250 | 3,535,750 | 3,447,540 | 3,314,040 | 3,161,960 | 3,137,970 | 3,048,670 | 2,901,120 | 3,005,660 | 3,177,600 | 3,225,360 | 2,649,760 | 2,555,760 | 2,506,620 | 2,474,620 | 2,413,830 | 2,342,440 | 2,373,370 | 2,415,030 |
| ROA | 12.20% | 12.99% | 13.92% | 14.44% | 15.39% | 15.84% | 15.21% | 16.19% | 17.48% | 15.55% | 14.45% | 11.86% | 10.24% | 9.58% | 8.97% | 9.28% | 9.29% | 8.83% | 7.43% | 4.29% |
March 31, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $450,172K ÷ $3,690,360K
= 12.20%
The return on assets (ROA) of Advanced Drainage Systems Inc has shown a positive trend over the analyzed period from June 30, 2020, to March 31, 2025. The ROA started at 4.29% in June 2020 and gradually increased to reach 12.20% by March 31, 2025. The company's ability to generate profits from its assets improved consistently, reflecting efficient asset utilization and management.
The ROA fluctuated within a range, with some fluctuations observed in its performance. The highest ROA was recorded on March 31, 2024, at 17.48%, indicating strong profitability relative to its asset base. On the other hand, the lowest ROA was observed on June 30, 2023, at 14.44%, which was still relatively healthy compared to the starting point.
Overall, the increasing trend in ROA suggests that Advanced Drainage Systems Inc has been effectively leveraging its assets to generate higher returns for shareholders over time. Investors and stakeholders may view this trend positively, indicating the company's improving operational efficiency and profitability.