Hasbro Inc (HAS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,538,800 | 407,700 | 763,300 | 501,800 | 652,100 |
| Total assets | US$ in thousands | 6,540,900 | 9,295,900 | 10,037,800 | 10,818,400 | 8,855,600 |
| Operating ROA | -23.53% | 4.39% | 7.60% | 4.64% | 7.36% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-1,538,800K ÷ $6,540,900K
= -23.53%
The operating return on assets (ROA) for Hasbro, Inc. has shown a decreasing trend over the past five years. In 2023, the operating ROA decreased to 2.93%, compared to 4.62% in 2022 and 8.69% in 2021. This downward trend indicates that the company's operating income generated per dollar of assets has been on a decline.
The significant drop in operating ROA from 2021 to 2023 suggests that Hasbro may have experienced challenges in efficiently utilizing its assets to generate operating income. This could be attributed to various factors such as increased operating expenses, lower revenue generation, or less effective asset management strategies.
It is essential for Hasbro to closely monitor and analyze the drivers behind this decreasing trend in operating ROA to identify areas for improvement in operational efficiency and profitability. By enhancing asset utilization and optimizing operational performance, Hasbro can strive to enhance its operating ROA and overall financial performance in the future.