Hanesbrands Inc (HBI)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -320,431 | -17,726 | -131,169 | 520,968 | -75,579 |
| Total assets | US$ in thousands | 3,840,940 | 5,640,310 | 6,503,880 | 7,071,440 | 7,698,870 |
| ROA | -8.34% | -0.31% | -2.02% | 7.37% | -0.98% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $-320,431K ÷ $3,840,940K
= -8.34%
Based on the ROA data provided for Hanesbrands Inc for the years 2020 to 2024, the return on assets fluctuated significantly over this period. In 2020, the company's ROA was negative at -0.98%, indicating that the company generated a negative return relative to its assets. This improved notably in 2021, with a ROA of 7.37%, suggesting a positive turnaround in asset utilization and profitability.
However, the ROA dropped again in 2022 to -2.02%, indicating a decline in the company's ability to generate profits from its assets efficiently. The following year, in 2023, the ROA improved slightly but remained negative at -0.31%, demonstrating ongoing challenges in effectively utilizing its assets for profitability.
The most significant drop occurred in 2024, with a sharp decrease to -8.34% in ROA, highlighting a substantial decline in the company's ability to generate profits relative to its asset base. Overall, the fluctuating trend in ROA for Hanesbrands Inc suggests varying levels of operational efficiency and profitability in utilizing its assets effectively during the period under review.