Fox Factory Holding Corp (FOXF)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 1,201,180 | 1,197,060 | 1,196,380 | 1,192,490 | 1,221,760 | 1,241,300 | 1,205,800 | 1,164,250 | 1,121,390 | 1,055,130 | 1,001,930 | 949,084 | 894,082 | 850,040 | 804,369 | 762,291 | 719,171 | 683,927 | 633,064 | 429,706 |
| ROE | 0.55% | 0.90% | 3.45% | 6.34% | 9.89% | 13.68% | 15.36% | 17.09% | 18.31% | 18.01% | 18.28% | 18.32% | 18.32% | 18.57% | 18.91% | 15.80% | 12.61% | 11.90% | 11.51% | 19.36% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $6,550K ÷ $1,201,180K
= 0.55%
Fox Factory Holding Corp's return on equity (ROE) has displayed varying trends over the period from March 31, 2020, to December 31, 2024. The ROE started at a relatively strong level of 19.36% in March 2020, indicating that the company was generating a solid return on shareholders' equity. However, the ROE declined in the subsequent quarters, reaching a low of 0.55% by December 31, 2024.
The downward trend in ROE suggests that Fox Factory Holding Corp may be facing challenges in efficiently utilizing its equity to generate profits. A declining ROE could be attributed to various factors such as declining profitability, inefficient asset utilization, or increased financial leverage.
Investors and analysts should closely monitor Fox Factory Holding Corp's ROE performance to assess the company's ability to generate earnings from shareholders' equity. A sustained low ROE may indicate underlying issues that need to be addressed to enhance the company's overall financial performance and shareholder value.
Peer comparison
Dec 31, 2024