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