What is the Return on Assets (ROA) of Griffon this year?
The Return on Assets (ROA) of Griffon is 0.09 undefined this year.
Griffon ROA 2024
Griffon ROA
0.09
Ticker
GFF
ISIN
US3984331021
WKN
856788
In 2024, Griffon's return on assets (ROA) was 0.09, a -230.14% increase from the -0.07 ROA in the previous year.
Griffon Aktienanalyse
What does Griffon do?
The Griffon Corporation is a publicly traded company based in New York that specializes in various industry sectors. The company was founded in 1959 by Harvey Blau and originally started as a manufacturer of household and cleaning products under the name Watchung Chemical Corporation. In 1970, Watchung Chemical acquired Phar Medium Corporation, a pharmaceutical products manufacturer. In 1980, the company changed its name to Griffon Corporation and expanded into various industry sectors. Griffon's core business today consists of three divisions: Home & Building Products, Telecommunications Infrastructure, and Specialty Plastics. Each division includes multiple specialized subsidiaries. Home & Building Products is Griffon's largest division and includes subsidiaries such as AMES, a manufacturer of garden and outdoor products, Clopay Building Products, a leading manufacturer of garage doors, and Everhard Products, a manufacturer of drainage solutions. Telecommunications Infrastructure is Griffon's second-largest division and includes subsidiaries such as Clopay Wireless Products, which offers wireless solutions for the telecommunications industry, and Telephonics, a leading manufacturer of radar systems and communication equipment. Griffon's third division is Specialty Plastics, which consists of two subsidiaries: Clopay Plastic Products and Clopay Europe. These companies are leading manufacturers of specialty films, plastic sheets, and packaging materials. Griffon has made numerous acquisitions in recent years to expand its business. In 2018, the company acquired CornellCookson, a manufacturer of roll-up door operators, and in 2019, it acquired ClosetMaid, a manufacturer of built-in closet systems. Overall, Griffon offers a wide range of products, including garage doors, roller shutters, drainage systems, specialty films, plastic sheets, and packaging materials. The company is constantly striving to improve its products and bring innovative solutions to the market. Griffon is also committed to developing sustainable products and solutions to contribute to environmental compatibility. The company has developed an environmentally friendly product line called "EcoLift," which uses electric forklifts with emission-free batteries. Additionally, Griffon has developed packaging materials that are 100% recyclable. Overall, the Griffon Corporation is a diversified company operating in various industry sectors. The company aims to find innovative solutions and develop sustainable products and solutions to meet the needs of its customers. Griffon ist eines der beliebtesten Unternehmen auf Eulerpool.com.ROA Details
Understanding Griffon's Return on Assets (ROA)
Griffon's Return on Assets (ROA) is a key performance indicator that measures the company's profitability in relation to its total assets. It is calculated by dividing the net income by the total assets. A higher ROA indicates efficient asset utilization to generate profits, reflecting managerial effectiveness and financial health.
Year-to-Year Comparison
Comparing Griffon's ROA year-over-year provides insights into the company’s operational efficiency and asset utilization trends. An increasing ROA demonstrates enhanced asset efficiency and profitability, while a declining ROA can indicate operational or financial challenges.
Impact on Investments
Investors consider Griffon's ROA as a crucial metric to evaluate the company’s profitability and efficiency. A higher ROA signifies that the company is effectively utilizing its assets to generate profits, making it a potentially attractive investment.
Interpreting ROA Fluctuations
Variations in Griffon’s ROA can be attributed to changes in net income, asset purchases, or operational efficiencies. Analyzing these fluctuations assists in assessing the company's financial performance, management efficiency, and strategic financial positioning.
Frequently Asked Questions about Griffon stock
What was the ROA of Griffon compared to the previous year?
The ROA of Griffon has increased by -230.14% compared to the previous year.
What consequences do high ROA have for investors of Griffon?
A high ROA is advantageous for investors of Griffon, as it indicates that the company efficiently utilizes its assets and generates good profits.
What are the consequences of low ROA for investors in Griffon?
A low ROA can be unfavorable for investors of Griffon as it indicates that the company is inefficiently utilizing its assets and may potentially achieve lower profits.
How does an increase in the ROA of Griffon affect the company?
An increase in ROA of Griffon can be an indicator of improved efficiency in asset utilization and higher profitability.
How does a reduction in ROA of Griffon impact the company?
A reduction in the ROA of Griffon can be an indicator of lower asset efficiency and profitability.
What are some factors that can influence the ROA of Griffon?
Some factors that can influence the ROA of Griffon include revenue, operating costs, asset structure, and industry average.
Why is the ROA of Griffon important for investors?
The ROA of Griffon is important for investors as it is an indicator of the company's profitability and efficiency in utilizing assets. It provides investors with information on how well the company utilizes its resources to generate profits.
What strategic measures can Griffon take to improve ROA?
To improve ROA, Griffon can take measures such as cost savings, revenue growth, optimizing asset structure, and diversifying its business activities. It is important for the company to conduct a thorough review of its financial situation to determine the best strategic measures to improve ROA.
How much dividend does Griffon pay?
Over the past 12 months, Griffon paid a dividend of . This corresponds to a dividend yield of about . For the coming 12 months, Griffon is expected to pay a dividend of 0.44 USD.
What is the dividend yield of Griffon?
The current dividend yield of Griffon is .
When does Griffon pay dividends?
Griffon pays a quarterly dividend. This is distributed in the months of March, June, September, December.
How secure is the dividend of Griffon?
Griffon paid dividends every year for the past 16 years.
What is the dividend of Griffon?
For the upcoming 12 months, dividends amounting to 0.44 USD are expected. This corresponds to a dividend yield of 0.53 %.
In which sector is Griffon located?
Griffon is assigned to the 'Industry' sector.
Wann musste ich die Aktien von Griffon kaufen, um die vorherige Dividende zu erhalten?
To receive the latest dividend of Griffon from 12/18/2024 amounting to 0.18 USD, you needed to have the stock in your portfolio before the ex-date on 11/25/2024.
When did Griffon pay the last dividend?
The last dividend was paid out on 12/18/2024.
What was the dividend of Griffon in the year 2023?
In the year 2023, Griffon distributed 2.5 USD as dividends.
In which currency does Griffon pay out the dividend?
The dividends of Griffon are distributed in USD.
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Andere Kennzahlen von Griffon
Our stock analysis for Griffon Revenue stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Griffon Revenue. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.
