Hayward Holdings Inc (HAYW)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Operating income	US$ in thousands	175,222	285,573	317,974
Total assets	US$ in thousands	2,946,280	2,875,010	2,978,470
Operating ROA		5.95%	9.93%	10.68%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $175,222K ÷ $2,946,280K
= 5.95%

Hayward Holdings Inc's operating return on assets (operating ROA) has shown a downward trend over the past three years. The operating ROA decreased from 11.18% in 2021 to 10.22% in 2022, and further declined to 6.40% in 2023. This indicates that the company's ability to generate operating income from its assets has weakened over this period. It is essential for management to analyze the factors contributing to this decline and take necessary actions to improve the operational efficiency and profitability of the company.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

Hayward Holdings Inc

HAYW

5.95%

Middleby Corp

MIDD

9.19%

Standex International Corporation