Fox Factory Holding Corp (FOXF)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 6,550 | 120,846 | 205,278 | 163,818 | 90,674 |
| Total assets | US$ in thousands | 2,232,310 | 2,242,300 | 1,618,340 | 1,515,730 | 1,286,560 |
| ROA | 0.29% | 5.39% | 12.68% | 10.81% | 7.05% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $6,550K ÷ $2,232,310K
= 0.29%
Based on the provided data, Fox Factory Holding Corp's return on assets (ROA) has exhibited fluctuations over the past five years:
1. As of December 31, 2020, the ROA was 7.05%, indicating that the company generated a return of 7.05% on its total assets for that year.
2. By December 31, 2021, the ROA increased to 10.81%, demonstrating an improvement in the company's efficiency in utilizing its assets to generate profits.
3. The ROA continued to rise to 12.68% by December 31, 2022, suggesting a further enhancement in the company's asset utilization and profitability.
4. However, there was a significant decline in the ROA to 5.39% by December 31, 2023, which could potentially signal challenges in generating returns from its assets effectively.
5. The most recent data point, as of December 31, 2024, shows a sharp decline in the ROA to 0.29%, indicating a substantial decrease in the company's ability to generate profits relative to its total assets.
In summary, Fox Factory Holding Corp's ROA has shown mixed performance over the past five years, with periods of improvement followed by declines. It is crucial for the company to analyze the factors contributing to these fluctuations and take strategic actions to improve its asset efficiency and overall profitability.
Peer comparison
Dec 31, 2024