Hayward Holdings Inc (HAYW)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 118,655 | 80,687 | 179,347 | 203,725 | 43,302 |
| Total assets | US$ in thousands | 2,990,620 | 2,946,280 | 2,875,010 | 2,978,470 | 2,607,100 |
| ROA | 3.97% | 2.74% | 6.24% | 6.84% | 1.66% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $118,655K ÷ $2,990,620K
= 3.97%
Hayward Holdings Inc's return on assets (ROA) has shown varying trends over the past five years. In December 31, 2020, the ROA was relatively low at 1.66%. However, in the subsequent years, there was a significant improvement in the company's efficiency in generating profits from its assets.
The ROA increased to 6.84% by December 31, 2021, indicating a strong performance in utilizing its assets to generate profits. This positive trend continued into December 31, 2022, with a ROA of 6.24%.
However, there was a slight decrease in the ROA by December 31, 2023, falling to 2.74%. This decrease may raise concerns about the company's ability to generate profits efficiently from its assets during that period.
Nonetheless, by December 31, 2024, the ROA showed improvement at 3.97%, although it did not reach the peak levels seen in 2021 and 2022. Overall, the company's ROA indicates a mix of strong and weaker performance in different years, highlighting the importance of continuously monitoring and analyzing asset utilization efficiency.
Peer comparison
Dec 31, 2024