Fox Factory Holding Corp (FOXF)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 65,705 | 65,554 | 88,117 | 120,444 | 160,091 | 205,544 | 229,541 | 247,232 | 246,697 | 233,078 | 222,965 | 205,213 | 196,914 | 191,498 | 181,802 | 148,438 | 114,149 | 102,638 | 92,445 | 102,557 |
| Total assets | US$ in thousands | 2,232,310 | 2,288,260 | 2,265,620 | 2,248,280 | 2,242,300 | 1,674,360 | 1,793,760 | 1,824,430 | 1,618,340 | 1,677,860 | 1,718,220 | 1,664,020 | 1,515,730 | 1,513,530 | 1,453,990 | 1,357,100 | 1,286,560 | 1,260,530 | 1,185,200 | 1,068,700 |
| Operating ROA | 2.94% | 2.86% | 3.89% | 5.36% | 7.14% | 12.28% | 12.80% | 13.55% | 15.24% | 13.89% | 12.98% | 12.33% | 12.99% | 12.65% | 12.50% | 10.94% | 8.87% | 8.14% | 7.80% | 9.60% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $65,705K ÷ $2,232,310K
= 2.94%
The operating return on assets (ROA) of Fox Factory Holding Corp has shown fluctuations over the past several quarters. The values ranged from a low of 2.86% as of September 30, 2024, to a high of 15.24% as of December 31, 2022. The trend in operating ROA indicates variations in the company's efficiency in generating operating income from its assets.
In general, higher operating ROA values, such as those observed in the earlier quarters of 2022, signify that the company is more effective in utilizing its assets to generate operating profits. Conversely, the declining trend in operating ROA towards the end of 2024 suggests a potential decrease in the company's operational efficiency and profitability relative to its asset base.
Investors and analysts may need to delve deeper into the company's operational performance, asset management strategies, and overall business conditions to understand the factors contributing to the fluctuations in Fox Factory Holding Corp's operating ROA over the specified period. Monitoring future trends in operating ROA will be crucial for assessing the company's operational efficiency and profitability moving forward.
Peer comparison
Dec 31, 2024