The Hain Celestial Group Inc (HAIN)

Return on assets (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
Net income (ttm)	US$ in thousands	-75,042	-90,804	-158,337	-133,836	-116,537	-94,796	45,462	65,385	77,873	115,316	125,039	96,290	77,364	40,118	30,203	27,099	-80,407	-97,197	-187,373	-252,910
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
ROA		-3.54%	-4.22%	-7.09%	-6.04%	-5.16%	-4.17%	1.86%	2.71%	3.17%	4.72%	5.03%	4.49%	3.51%	1.79%	1.33%	1.23%	-3.67%	-4.35%	-8.20%	-11.31%

June 30, 2024 calculation

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

The Return on Assets (ROA) of The Hain Celestial Group Inc has varied significantly over the past several quarters. The trend indicates fluctuations in the company's ability to generate earnings from its assets.

The ROA has shown a declining pattern from the positive figures in late 2021 to negative values in mid-2024, indicating a deterioration in the company's profitability relative to its assets. The negative ROA figures imply that the company's net income generated from its assets is insufficient to cover the overall asset base, reflecting potential inefficiencies or financial difficulties.

It is crucial for The Hain Celestial Group Inc to address the declining ROA trend and work towards improving its asset utilization and profitability. Further analysis of the company's financial performance and strategic initiatives would shed light on the factors contributing to the ROA fluctuations and help in devising appropriate corrective measures.