Ethan Allen Interiors Inc (ETD)
Return on assets (ROA)
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 63,816 | 105,807 | 103,280 | 60,005 | 8,900 |
| Total assets | US$ in thousands | 744,917 | 745,453 | 719,895 | 683,245 | 622,789 |
| ROA | 8.57% | 14.19% | 14.35% | 8.78% | 1.43% |
June 30, 2024 calculation
ROA = Net income ÷ Total assets
= $63,816K ÷ $744,917K
= 8.57%
Ethan Allen Interiors Inc's return on assets (ROA) has fluctuated over the past five years, as indicated by the data provided. In the most recent period ending June 30, 2024, the company's ROA was 8.57%, showing a decrease from the previous year's 14.19%. This decrease could be a cause for concern as it indicates a decline in the company's ability to generate profit from its assets.
Comparing the ROA to previous years, we can see that Ethan Allen Interiors Inc achieved a relatively high ROA of 14.35% in Jun 30, 2022, and 14.19% in Jun 30, 2023. This suggests that the company was more effective in generating profit from its assets during these years.
In Jun 30, 2021, the ROA was 8.78%, which was lower than the peak years but still higher than the most recent figure. However, in Jun 30, 2020, the ROA was significantly lower at 1.43%, indicating a period of lower profitability relative to assets.
Overall, Ethan Allen Interiors Inc's ROA performance has shown fluctuations over the past five years. It will be important for the company to closely monitor and potentially improve its ROA to ensure efficient use of its assets and sustainable profitability in the future.
Peer comparison
Jun 30, 2024