Advanced Drainage Systems Inc (WMS)
Return on assets (ROA)
| 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 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | -193,174 | -194,469 | -201,945 | -180,864 |
| Total assets | US$ in thousands | 3,268,910 | 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 | 2,369,890 | 2,249,180 | 2,295,320 | 1,068,420 |
| ROA | 15.60% | 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% | -8.15% | -8.65% | -8.80% | -16.93% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $509,915K ÷ $3,268,910K
= 15.60%
The return on assets (ROA) for Advanced Drainage Systems Inc has shown a fluctuating trend over the past several quarters. ROA has been generally positive, ranging from 15.21% to 17.48% in the recent quarters, indicating the company's ability to generate profit relative to its total assets.
The company experienced a significant improvement in ROA from the fourth quarter of 2020 to the second quarter of 2023, reaching a peak of 17.48%. However, there was a decline in ROA in the first quarter of 2024 to 15.60%.
Overall, the company's ROA performance has demonstrated profitability and efficiency in utilizing its assets to generate earnings. It is important for investors and stakeholders to monitor ROA trends to assess the company's operational efficiency and financial health.