Fox Factory Holding Corp (FOXF)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 57,670 | 160,091 | 246,697 | 196,914 | 114,149 |
| Total assets | US$ in thousands | 2,232,310 | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 |
| Operating ROA | 2.58% | 7.14% | 15.24% | 12.99% | 8.87% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $57,670K ÷ $2,232,310K
= 2.58%
The operating return on assets (Operating ROA) of Fox Factory Holding Corp has fluctuated over the years based on the provided data.
- As of December 31, 2020, the company's Operating ROA stood at 8.87%, indicating that for every dollar of assets, the company generated 8.87 cents in operating profit.
- By December 31, 2021, Fox Factory Holding Corp improved its Operating ROA to 12.99%, showing an increase in operational efficiency and profitability.
- The trend continued in 2022, with Operating ROA rising to 15.24%, reflecting a robust performance in utilizing its assets to generate operating income.
- However, there was a decline in performance by December 31, 2023, as the Operating ROA dropped to 7.14%, potentially indicating challenges in sustaining profitability.
- The downward trend persisted into 2024, with the Operating ROA decreasing further to 2.58%. This significant decline suggests a notable decrease in the company's ability to generate operating income relative to its asset base.
Overall, Fox Factory Holding Corp's Operating ROA has shown variability, with periods of improvement followed by declines. It is essential for the company to address the factors influencing these fluctuations to maintain and enhance its operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2024