Hayward Holdings Inc (HAYW)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 80,687 | 179,347 | 203,725 |
| Total assets | US$ in thousands | 2,946,280 | 2,875,010 | 2,978,470 |
| ROA | 2.74% | 6.24% | 6.84% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $80,687K ÷ $2,946,280K
= 2.74%
Hayward Holdings Inc's return on assets (ROA) has shown volatility over the past three years, with the following values: 2.74% in 2023, 6.24% in 2022, and 3.97% in 2021. The declining trend from 2022 to 2023 indicates a decrease in the company's ability to generate profits relative to its total assets during the most recent period. This could be a cause for concern as it suggests that the company may be less efficient in utilizing its assets to generate earnings. Further investigation into the company's operational efficiency and asset management strategies may be warranted to address the declining ROA trend.
Peer comparison
Dec 31, 2023