Hanesbrands Inc (HBI)
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 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -17,726 | -513,775 | -394,875 | -280,310 | -127,204 | 350,937 | 422,613 | 459,188 | 77,224 | -314,973 | -363,472 | -330,967 | -75,579 | 441,571 | 523,384 | 511,758 | 600,720 | 565,762 | 551,480 | 541,952 |
| Total assets | US$ in thousands | 5,640,310 | 5,913,290 | 6,279,030 | 6,432,680 | 6,503,880 | 7,099,280 | 7,089,310 | 6,859,710 | 7,071,440 | 7,462,800 | 7,277,990 | 6,989,250 | 7,719,870 | 8,168,540 | 8,123,300 | 7,968,100 | 7,353,990 | 7,723,830 | 7,846,040 | 7,824,160 |
| ROA | -0.31% | -8.69% | -6.29% | -4.36% | -1.96% | 4.94% | 5.96% | 6.69% | 1.09% | -4.22% | -4.99% | -4.74% | -0.98% | 5.41% | 6.44% | 6.42% | 8.17% | 7.32% | 7.03% | 6.93% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $-17,726K ÷ $5,640,310K
= -0.31%
Hanesbrands Inc's return on assets (ROA) has shown fluctuations over the past few quarters. The ROA was negative in the most recent quarter, indicating that the company generated a net loss relative to its total assets. This negative trend has been persistent in recent quarters, with ROA declining significantly. However, in earlier periods, Hanesbrands Inc posted positive ROA figures, indicating better profitability relative to its asset base.
The decline in ROA in recent quarters could be a concern for investors and stakeholders, suggesting potential inefficiencies in asset utilization or declining profitability. It would be important for the company to assess its operational efficiency, cost structure, and overall performance to address these declining ROA figures and work towards improving profitability.
Investors and analysts may closely monitor Hanesbrands Inc's future financial results and management strategies to see if the company can reverse the negative trend in ROA and enhance its profitability and value creation for shareholders.