Fox Factory Holding Corp (FOXF)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 160,091 | 246,697 | 196,914 | 114,149 | 112,809 |
| Total assets | US$ in thousands | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 | 609,316 |
| Operating ROA | 7.14% | 15.24% | 12.99% | 8.87% | 18.51% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $160,091K ÷ $2,242,300K
= 7.14%
The operating return on assets (operating ROA) of Fox Factory Holding Corp has shown fluctuations over the past five years. In 2019, the operating ROA was relatively high at 18.51%, indicating that the company generated a substantial operating profit relative to its assets during that year.
In the subsequent years, the operating ROA decreased to 8.87% in 2020, then increased to 12.99% in 2021, and further rose to 15.24% in 2022. This trend suggests improvements in operational efficiency and profitability during those years.
However, in 2023, the operating ROA decreased to 7.14%, signaling a decline in the company's ability to generate operating profits from its assets compared to the previous year. It is important for stakeholders to monitor this metric closely to assess the company's operational performance and asset utilization going forward.
Peer comparison
Dec 31, 2023