Fox Factory Holding Corp (FOXF)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 6,550 | 10,742 | 41,255 | 75,583 | 120,846 | 169,754 | 185,232 | 198,995 | 205,278 | 190,053 | 183,105 | 173,882 | 163,818 | 157,880 | 152,077 | 120,410 | 90,674 | 81,400 | 72,867 | 83,180 |
| 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 |
| ROA | 0.29% | 0.47% | 1.82% | 3.36% | 5.39% | 10.14% | 10.33% | 10.91% | 12.68% | 11.33% | 10.66% | 10.45% | 10.81% | 10.43% | 10.46% | 8.87% | 7.05% | 6.46% | 6.15% | 7.78% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $6,550K ÷ $2,232,310K
= 0.29%
Fox Factory Holding Corp's return on assets (ROA) has exhibited fluctuations over the period provided. The ROA started at 7.78% as of March 31, 2020, then decreased to 6.15% by June 30, 2020, before showing a slight recovery to 6.46% by September 30, 2020. The trend continued positively reaching 7.05% by the end of December 31, 2020, and further increasing to 8.87% by March 31, 2021.
Subsequently, there was a significant rise in ROA to 10.46% by June 30, 2021, and a slight drop to 10.43% by September 30, 2021, before a further recovery to 10.81% by the end of December 31, 2021. The momentum continued to strengthen with ROA reaching 10.45% by March 31, 2022, and peaking at 12.68% by the end of December 31, 2022, reflecting a notable increase in profitability efficiency.
However, starting from March 31, 2023, there was a decline in ROA, dropping to 3.36% by that date and further decreasing to 0.29% by December 31, 2024. The decreasing trend in ROA in the latter part of the period could signal potential challenges in effectively utilizing the company's assets to generate profits.
Overall, while the company experienced periods of strong ROA performance, especially in the mid-years of the data provided, the recent decline in ROA suggests a need for Fox Factory Holding Corp to focus on improving asset utilization efficiency to enhance overall profitability in the future.
Peer comparison
Dec 31, 2024