Ethan Allen Interiors Inc (ETD)
Return on assets (ROA)
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 51,596 | 57,841 | 61,189 | 63,596 | 63,816 | 70,708 | 80,111 | 90,866 | 105,807 | 111,921 | 114,279 | 113,007 | 103,280 | 89,922 | 80,816 | 70,805 | 60,005 | 29,775 | 13,944 | 4,147 |
| Total assets | US$ in thousands | 737,099 | 738,740 | 732,573 | 737,704 | 744,917 | 742,216 | 722,175 | 739,563 | 745,453 | 741,323 | 713,981 | 721,849 | 719,895 | 714,903 | 689,328 | 678,294 | 683,245 | 687,546 | 636,219 | 622,521 |
| ROA | 7.00% | 7.83% | 8.35% | 8.62% | 8.57% | 9.53% | 11.09% | 12.29% | 14.19% | 15.10% | 16.01% | 15.66% | 14.35% | 12.58% | 11.72% | 10.44% | 8.78% | 4.33% | 2.19% | 0.67% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $51,596K ÷ $737,099K
= 7.00%
The analysis of Ethan Allen Interiors Inc.'s return on assets (ROA) over the specified period reveals a pattern of initial growth followed by a gradual decline. In fiscal year 2020, the company's ROA was notably low, at 0.67% as of September 30, 2020, indicating limited profitability relative to total assets amid the initial COVID-19 pandemic impact. Subsequently, there was a significant improvement through early 2021, with the ROA increasing to 2.19% by December 31, 2020, and further accelerating to 4.33% by March 31, 2021.
The upward trajectory continued robustly during the fiscal year 2021, reaching a peak of 11.72% as of December 31, 2021, and further climbing to 12.58% by March 31, 2022. This period reflects a phase of strong asset utilization and profitability, likely driven by favorable market conditions, successful operational strategies, or a combination thereof.
In fiscal year 2022, the ROA sustained an upward trend, peaking at 15.66% on September 30, 2022. However, from this peak onward, a consistent decline is observed. By December 31, 2022, the ROA decreased to 16.01%, and it continued its downward trajectory through 2023, reaching 15.10% in March 2023 and declining further to 14.19% by June 30, 2023. This downward movement persisted into the third quarter of 2023, with the ROA falling to 12.29% as of September 30, 2023.
The decline persisted into the subsequent quarters, with the ROA decreasing to 11.09% by December 31, 2023, and further to 9.53% by March 31, 2024. The trend continued into 2024, with figures of 8.57% on June 30, 2024, and 8.62% on September 30, 2024. The quarter ending December 31, 2024, recorded an ROA of 8.35%, with a continued downward trend into 2025, reaching 7.83% on March 31, 2025, and further decreasing to 7.00% by June 30, 2025.
Overall, Ethan Allen's ROA demonstrates a trajectory of rapid improvement from a low base in 2020 to a high in late 2022, followed by a period of gradual decline extending into the mid-2025 timeframe. The pattern suggests a period of strong asset efficiency and profitability gains that have since moderated, possibly due to operational, market, or macroeconomic factors affecting asset utilization and profitability margins.
Peer comparison
Jun 30, 2025