Hayward Holdings Inc (HAYW)

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
Operating income (ttm)	US$ in thousands	175,222	155,796	167,227	207,000	285,573	329,036	366,490	344,693	317,974
Total assets	US$ in thousands	2,946,280	2,883,080	2,883,650	2,925,690	2,875,010	2,830,400	2,981,360	2,999,510	2,978,470	2,845,940	2,793,300	2,720,300
Operating ROA		5.95%	5.40%	5.80%	7.08%	9.93%	11.63%	12.29%	11.49%	10.68%

December 31, 2023 calculation

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

Hayward Holdings Inc's operating return on assets (operating ROA) has shown a declining trend over the past eight quarters. In Q1 2022, the operating ROA was at its peak at 12.98%, but gradually decreased to 6.40% in Q4 2023. This downward trend indicates a decrease in the company's ability to generate operating income from its assets over the given period. It is important for the company to closely monitor and address the factors contributing to this decline to improve operational efficiency and profitability in the future.

Peer comparison

Dec 31, 2023

Company name

Symbol

Operating ROA

Hayward Holdings Inc

HAYW

5.95%

Middleby Corp

MIDD

9.19%

Standex International Corporation