Haynes International Inc (HAYN)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 57,628 | 57,606 | 60,271 | 67,467 | 61,025 | 55,422 | 41,389 | 22,323 | 7,900 | -7,143 | -17,090 | -26,494 | -15,275 | 612 | 14,607 | 29,019 | 24,697 | 17,716 | 15,504 | 9,828 |
| Total assets | US$ in thousands | 700,682 | 706,281 | 688,210 | 687,664 | 665,802 | 632,295 | 614,524 | 565,513 | 530,609 | 546,455 | 563,608 | 555,420 | 554,401 | 560,724 | 604,012 | 622,784 | 606,967 | 593,800 | 587,823 | 587,732 |
| Operating ROA | 8.22% | 8.16% | 8.76% | 9.81% | 9.17% | 8.77% | 6.74% | 3.95% | 1.49% | -1.31% | -3.03% | -4.77% | -2.76% | 0.11% | 2.42% | 4.66% | 4.07% | 2.98% | 2.64% | 1.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $57,628K ÷ $700,682K
= 8.22%
To analyze Haynes International Inc.'s operating return on assets (operating ROA) based on the provided data, we can observe a fluctuating trend over the past eight quarters.
The operating ROA started Q2 2022 at 3.95% and experienced a steady increase reaching a peak of 9.81% in Q2 2023. This indicates an improvement in the company's operating performance efficiency and profitability during this period.
However, in the subsequent quarters, there was a slight decline in operating ROA, with Q1 2024 showing a value of 8.22%. Despite this slight decrease, the company has maintained a relatively strong operating ROA above 8% over the recent quarters.
It is important to note that while the operating ROA provides insight into the company's ability to generate profit from its assets, further analysis considering other financial metrics and industry benchmarks would be necessary to gain a more comprehensive understanding of Haynes International Inc.'s overall financial performance and efficiency.
Peer comparison
Dec 31, 2023