Hayward Holdings Inc (HAYW)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 80,687 | 65,619 | 76,918 | 113,725 | 179,347 | 227,100 | 254,334 | 240,890 | 203,725 | |||
| 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 |
| ROA | 2.74% | 2.28% | 2.67% | 3.89% | 6.24% | 8.02% | 8.53% | 8.03% | 6.84% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $80,687K ÷ $2,946,280K
= 2.74%
Hayward Holdings Inc's return on assets (ROA) has experienced a downward trend over the past eight quarters. The ROA decreased from 8.03% in Q1 2022 to 2.74% in Q4 2023. This decline in ROA suggests that the company's ability to generate profits from its assets has deteriorated over time.
The highest ROA was recorded in Q4 2022 at 8.53%, indicating strong asset utilization and profitability during that period. However, the subsequent quarters saw a consistent decrease in ROA, reaching its lowest point in Q4 2023 at 2.74%.
The declining trend in ROA could be attributed to various factors such as increasing operating expenses, declining revenues, or inefficient asset management. It is important for investors and stakeholders to closely monitor the company's financial performance and management strategies to address the declining trend in ROA and improve overall profitability.
Peer comparison
Dec 31, 2023