Hanesbrands Inc (HBI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 185,948 | 288,782 | 519,545 | 797,728 | -16,631 |
| Total assets | US$ in thousands | 3,840,940 | 5,640,310 | 6,503,880 | 7,071,440 | 7,698,870 |
| Operating ROA | 4.84% | 5.12% | 7.99% | 11.28% | -0.22% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $185,948K ÷ $3,840,940K
= 4.84%
The operating return on assets (operating ROA) for Hanesbrands Inc has shown fluctuations over the years as follows:
- As of December 31, 2020, the operating ROA was negative at -0.22% indicating that the company experienced a loss on its operating activities relative to its assets.
- By December 31, 2021, the operating ROA improved significantly to 11.28%, reflecting a strong profitability from its operating activities in proportion to its assets.
- In the subsequent years, there was a decrease in the operating ROA but still remained positive. As of December 31, 2022, the operating ROA was 7.99%, showing a slightly lower return compared to the previous year.
- By December 31, 2023, the operating ROA further declined to 5.12%, suggesting a diminishing profitability from its operating activities relative to its assets.
- As of December 31, 2024, the operating ROA decreased marginally to 4.84%, indicating a slight reduction in the return generated from its operational activities per unit of assets.
Overall, the trend in operating ROA for Hanesbrands Inc highlights the company's varying operational efficiency and profitability performance in utilizing its assets over the specified period.