Hilton Grand Vacations Inc (HGV)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 313,000 | 352,000 | 176,000 | -201,000 | 216,000 |
| Total assets | US$ in thousands | 8,685,000 | 8,004,000 | 8,008,000 | 3,134,000 | 3,079,000 |
| ROA | 3.60% | 4.40% | 2.20% | -6.41% | 7.02% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $313,000K ÷ $8,685,000K
= 3.60%
Hilton Grand Vacations Inc's return on assets (ROA) has fluctuated over the past five years. In 2023, the company's ROA stands at 3.60%, showing a slight decrease from the previous year's 4.40%. This suggests that the company's ability to generate profits from its assets may have slightly decreased.
Comparing the ROA to earlier years, we observe a significant improvement compared to 2020 when the ROA was -6.41%, indicating that the company was experiencing losses in that year. However, there was a notable decline from 2019 when the ROA was at a relatively high 7.02%.
Overall, Hilton Grand Vacations Inc's ROA has shown variability, indicating changes in the company's efficiency in generating earnings from its assets. Further analysis of the underlying factors contributing to these fluctuations could provide insights into the company's operational performance and strategic decision-making.