The Hain Celestial Group Inc (HAIN)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019	Sep 30, 2019
Operating income (ttm)	US$ in thousands	-18,948	-18,866	-131,891	-103,721	-85,620	-85,765	90,325	94,957	104,681	134,298	148,711	129,647	107,380	91,075	60,633	56,867	56,042	28,140	27,997	-2,074
Total assets	US$ in thousands	2,117,550	2,149,230	2,233,630	2,216,900	2,258,640	2,272,820	2,438,160	2,416,990	2,458,380	2,441,480	2,485,370	2,142,260	2,205,910	2,239,890	2,265,600	2,199,730	2,188,450	2,236,140	2,284,940	2,236,430
Operating ROA		-0.89%	-0.88%	-5.90%	-4.68%	-3.79%	-3.77%	3.70%	3.93%	4.26%	5.50%	5.98%	6.05%	4.87%	4.07%	2.68%	2.59%	2.56%	1.26%	1.23%	-0.09%

June 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-18,948K ÷ $2,117,550K
= -0.89%

The operating return on assets (operating ROA) of The Hain Celestial Group Inc has fluctuated over the past several quarters. The company experienced negative operating ROA percentages in the range of -5.90% to -0.88% in the latter part of 2023 and the first half of 2024, indicating that the company's operating income generated from its assets was insufficient to cover its asset base during this period.

However, there was a notable improvement in the operating ROA in the fourth quarter of 2022 and the first quarter of 2023, with percentages of 3.70% and 3.93% respectively. This suggests that the company was able to generate a relatively higher level of operating income from its assets during these periods.

The operating ROA peaked at 6.05% in the second quarter of 2022, indicating a period of strong asset utilization and profitability for the company. Subsequently, the operating ROA trended downwards but generally remained positive, ranging from 1.23% to 5.98% throughout 2022 and early 2023.

Overall, the operating ROA trend of The Hain Celestial Group Inc indicates fluctuations in the company's ability to effectively utilize its assets to generate operating income. It is important for the company to sustain positive operating ROA figures to ensure efficient asset management and profitability in the long term.