Woodward Inc (WWD)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 59,855 | -139,007 | -99,105 | -64,012 | -132,914 |
| Total assets | US$ in thousands | 4,368,920 | 4,010,200 | 3,806,450 | 4,091,000 | 3,903,340 |
| Operating ROA | 1.37% | -3.47% | -2.60% | -1.56% | -3.41% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $59,855K ÷ $4,368,920K
= 1.37%
Woodward Inc's operating return on assets (ROA) has shown significant improvement over the past five years. In the most recent fiscal year ending September 30, 2024, the operating ROA stood at 1.37%, which marks a significant rebound from the negative operating ROA figures recorded in the previous four years.
The company's operating ROA was -3.47% in 2023, -2.60% in 2022, -1.56% in 2021, and -3.41% in 2020. The positive operating ROA in 2024 indicates that Woodward Inc has become more effective in generating operating income relative to its total assets. This improvement suggests better operational efficiency and profitability for the company in the most recent fiscal year.
The trend of operating ROA indicates a positive shift in Woodward Inc's ability to utilize its assets efficiently to generate operating earnings. Continued monitoring of this ratio will be essential to assess the company's operational performance and profitability in the future.