Fox Factory Holding Corp (FOXF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 120,846 | 169,754 | 185,232 | 198,995 | 205,278 | 190,053 | 187,332 | 178,109 | 168,045 | 162,107 | 152,043 | 120,376 | 90,640 | 81,366 | 72,867 | 83,180 | 93,033 | 90,646 | 85,471 | 80,919 |
| 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 |
| ROA | 5.39% | 10.14% | 10.33% | 10.91% | 12.68% | 11.33% | 10.90% | 10.70% | 11.09% | 10.71% | 10.46% | 8.87% | 7.05% | 6.45% | 6.15% | 7.78% | 15.27% | 15.09% | 14.74% | 14.92% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $120,846K ÷ $2,242,300K
= 5.39%
The return on assets (ROA) for Fox Factory Holding Corp has shown some fluctuations over the past five years, ranging from a low of 5.39% in December 2023 to a high of 15.27% in December 2019. The overall trend indicates a general stability in the company's ability to generate profits from its assets, with an average ROA of approximately 9.97% over the period.
The company's ROA peaked in December 2019, possibly due to effective asset utilization or improvements in operational efficiency. However, there has been a slight decline in ROA in recent periods, with a noticeable decrease in the most recent quarter. This decrease could be a point of concern for stakeholders, suggesting a potential dip in profitability relative to the company's asset base.
It is important for investors and analysts to closely monitor Fox Factory Holding Corp's ROA in conjunction with other financial metrics to assess the company's overall performance and efficiency in utilizing its assets to generate profits. Further analysis and investigation into the factors driving the fluctuations in ROA could provide valuable insights into the company's financial health and future prospects.
Peer comparison
Dec 31, 2023