Haynes International Inc (HAYN)
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 | 41,938 | 41,975 | 45,183 | 52,032 | 48,167 | 45,087 | 31,305 | 16,119 | 4,003 | -8,683 | -16,954 | -25,473 | -17,773 | -6,478 | 5,276 | 17,175 | 14,616 | 9,745 | 5,838 | 2,749 |
| 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 |
| ROA | 5.99% | 5.94% | 6.57% | 7.57% | 7.23% | 7.13% | 5.09% | 2.85% | 0.75% | -1.59% | -3.01% | -4.59% | -3.21% | -1.16% | 0.87% | 2.76% | 2.41% | 1.64% | 0.99% | 0.47% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $41,938K ÷ $700,682K
= 5.99%
The return on assets (ROA) of Haynes International Inc. has displayed fluctuations over the past eight quarters. The trend shows a decline from Q2 2022 to Q3 2023, where ROA decreased from 5.09% to 6.57%. However, there was a notable increase in Q2 2023 when the ROA peaked at 7.57%, followed by a slight decrease in Q4 2023 to 5.94%.
Overall, the ROA has been relatively stable above 5% in most quarters, indicating good efficiency in generating profits from the assets held by the company. The significant drop in Q2 2022 to 2.85% might be a cause for concern, but the subsequent recovery and consistent performance suggest that Haynes International Inc. has been effectively utilizing its assets to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023