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
SXI
10.12%
Tennant Company
TNC
12.45%