Woodward Inc (WWD)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 372,971 | 232,368 | 171,698 | 208,649 | 240,395 |
| Total assets | US$ in thousands | 4,368,920 | 4,010,200 | 3,806,450 | 4,091,000 | 3,903,340 |
| ROA | 8.54% | 5.79% | 4.51% | 5.10% | 6.16% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $372,971K ÷ $4,368,920K
= 8.54%
Woodward Inc's return on assets (ROA) has shown an increasing trend over the past five years, indicating improved efficiency in generating profits relative to its asset base. In the most recent fiscal year ending September 30, 2024, the company achieved an ROA of 8.54%, the highest among the five years presented. This suggests that Woodward Inc was able to generate $8.54 in net income for every $100 of assets held during the year.
The ROA of 5.79% in the prior year, 2023, was lower compared to 2024 but still demonstrated a positive performance in utilizing its assets efficiently. The improvement continued from the ROA of 4.51% in 2022, showing a consistent upward trajectory.
Although the ROA dipped slightly to 5.10% in 2021, it remained above the 5% mark, indicating that Woodward Inc remained productive with its asset utilization during that period. The highest ROA in the past five years was recorded in 2020 at 6.16%, signifying a strong performance in generating profits relative to its asset base.
Overall, Woodward Inc's increasing trend in ROA reflects a positive outlook on the company's operational efficiency and effectiveness in utilizing its assets to generate returns for its stakeholders.