Ethan Allen Interiors Inc (ETD)
Return on assets (ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 63,816 | 70,708 | 80,111 | 90,866 | 105,807 | 873,450 | 875,808 | 874,536 | 864,809 | 89,922 | 80,816 | 70,805 | 60,005 | 29,775 | 13,944 | 4,147 | 8,900 | 17,659 | 25,860 | 30,964 |
| Total assets | US$ in thousands | 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 | 622,789 | 703,104 | 621,927 | 653,899 |
| ROA | 8.57% | 9.53% | 11.09% | 12.29% | 14.19% | 117.82% | 122.67% | 121.15% | 120.13% | 12.58% | 11.72% | 10.44% | 8.78% | 4.33% | 2.19% | 0.67% | 1.43% | 2.51% | 4.16% | 4.74% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $63,816K ÷ $744,917K
= 8.57%
The Return on Assets (ROA) for Ethan Allen Interiors Inc has exhibited fluctuations over the past several quarters. In the most recent period ending June 30, 2024, the ROA stood at 8.57%, indicating that the company generated a return of 8.57 cents on every dollar of assets. This represented a slight decrease from the previous quarter's ROA of 9.53%.
Looking back further, the ROA experienced a significant spike in the first quarter of 2023, reaching exceptionally high levels of 117.82% and then 122.67% in the subsequent quarter. Such anomalously high figures may be attributed to extraordinary events or accounting adjustments that significantly impacted the profitability and asset structure of the company. It is crucial for investors and analysts to investigate the reasons behind such outlier values to assess their significance.
Generally, the ROA trend for Ethan Allen Interiors Inc has been positive, with consistently positive returns on assets in most periods. However, there were instances of lower ROA values, such as in the fourth quarter of 2020 and the first quarter of 2021, where the company's performance in generating profits from its assets was less efficient.
Overall, the ROA trend suggests that Ethan Allen Interiors Inc has been relatively effective in managing its assets to generate returns for its shareholders. However, variations in the ROA warrant further analysis to understand the factors influencing the company's profitability and asset utilization.