The Hain Celestial Group Inc (HAIN)

Return on assets (ROA)

		Jun 30, 2024	Jun 30, 2023	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020
Net income	US$ in thousands	-75,042	-116,537	77,873	77,364	-80,407
Total assets	US$ in thousands	2,117,550	2,258,640	2,458,380	2,205,910	2,188,450
ROA		-3.54%	-5.16%	3.17%	3.51%	-3.67%

June 30, 2024 calculation

ROA = Net income ÷ Total assets
= $-75,042K ÷ $2,117,550K
= -3.54%

The return on assets (ROA) of The Hain Celestial Group Inc has been fluctuating over the past five years. In 2024, the ROA was -3.54%, showing a decrease from the previous year's -5.16%. This negative trend indicates that the company's ability to generate profits from its assets has worsened.

Comparing the ROA in 2024 to the positive ROA figures of 3.17% in 2022 and 3.51% in 2021, it is evident that there has been a significant decline in profitability. The ROA was also negative in 2020 at -3.67%, which suggests ongoing challenges in efficiently utilizing the company's assets to generate returns.

Overall, the declining trend in ROA for The Hain Celestial Group Inc indicates that the company may be facing operational inefficiencies or difficulties in maximizing the profitability of its assets in recent years. Further analysis of the company's financial performance and operational strategies may be required to address these issues and improve future profitability.