Fox Factory Holding Corp (FOXF)
Operating return on assets (Operating ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 112,809 | 109,503 | 105,595 | 100,399 |
| Total assets | US$ in thousands | 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 | 609,316 | 600,569 | 579,773 | 542,312 |
| Operating ROA | 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% | 18.51% | 18.23% | 18.21% | 18.51% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $160,091K ÷ $2,242,300K
= 7.14%
Fox Factory Holding Corp's operating return on assets (ROA) has shown some fluctuation over the periods analyzed. The operating ROA ranged from a low of 7.14% in Dec 31, 2023, to a high of 18.51% in Dec 31, 2019. Generally, the operating ROA has been relatively stable, with some variations observed.
The operating ROA indicates the company's ability to generate profits from its assets used in operations. A higher operating ROA reflects more efficient asset utilization and profitability. The trend of operating ROA for Fox Factory Holding Corp shows that it has generally maintained a moderate to high level of efficiency in generating returns from its operational assets over the periods analyzed.
It is important for investors and analysts to continue monitoring Fox Factory Holding Corp's operating ROA to assess its operational efficiency and profitability trends over time.
Peer comparison
Dec 31, 2023