Hasbro Inc (HAS)
Return on assets (ROA)
| 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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -1,489,300 | -557,100 | -256,800 | 120,200 | 203,500 | 414,600 | 538,600 | 373,700 | 428,700 | 451,673 | 419,373 | 408,373 | 222,473 | 384,645 | 376,694 | 424,027 | 520,454 | 261,875 | 312,787 | 359,653 |
| Total assets | US$ in thousands | 6,540,900 | 8,340,200 | 8,609,700 | 8,923,700 | 9,295,900 | 9,626,100 | 9,503,000 | 9,518,700 | 10,037,800 | 10,230,400 | 10,102,200 | 10,189,100 | 10,818,400 | 10,703,200 | 10,222,100 | 10,424,400 | 8,855,600 | 5,554,620 | 5,038,610 | 4,934,770 |
| ROA | -22.77% | -6.68% | -2.98% | 1.35% | 2.19% | 4.31% | 5.67% | 3.93% | 4.27% | 4.42% | 4.15% | 4.01% | 2.06% | 3.59% | 3.69% | 4.07% | 5.88% | 4.71% | 6.21% | 7.29% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-1,489,300K ÷ $6,540,900K
= -22.77%
Hasbro, Inc.'s return on assets (ROA) has shown a declining trend over the past eight quarters. In Q4 2023, the ROA was at -22.77%, reflecting a significant decrease from the previous quarter where it was at -6.68%. This negative ROA indicates that the company's net income generated from its assets was insufficient to cover its asset base during this period.
Looking at the longer-term trend, Hasbro's ROA has been gradually decreasing since Q2 2022, where it stood at 5.67%. This downward trend may raise concerns about the company's ability to efficiently utilize its assets to generate profits.
Further investigation into the reasons behind this declining ROA would be necessary to understand whether it is due to operational inefficiencies, declining profitability, or other factors impacting the company's performance. It will be critical for Hasbro to closely monitor and address this trend to improve its ROA and enhance overall financial performance.