Hims Hers Health Inc (HIMS)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 101,258 | 18,103 | -2,351 | -23,546 | -35,720 | -46,993 | -59,515 | -65,700 | -85,932 | -83,033 | -72,507 | -107,659 | -81,727 | -71,657 | -63,485 | -18,114 | -12,157 | -5,850 | -4,886 | |
| Total assets | US$ in thousands | 602,261 | 480,500 | 448,106 | 441,186 | 413,865 | 389,884 | 376,306 | 366,341 | 382,827 | 379,965 | 382,039 | 420,585 | 420,069 | 347,699 | 345,900 | 118,697 | 205,814 | 206,201 | 206,287 | 204,765 |
| ROA | 16.81% | 3.77% | -0.52% | -5.34% | -8.63% | -12.05% | -15.82% | -17.93% | -22.45% | -21.85% | -18.98% | -25.60% | -19.46% | -20.61% | -18.35% | -15.26% | -5.91% | -2.84% | -2.37% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $101,258K ÷ $602,261K
= 16.81%
The return on assets (ROA) of Hims Hers Health Inc has shown significant improvement over the past few quarters. The ROA increased from -2.37% in December 2019 to 16.81% in September 2024. This indicates that the company's profitability in generating earnings from its assets has strengthened considerably.
The positive trend in ROA reflects effective management of its assets to generate profits. This improvement suggests that the company may be utilizing its assets more efficiently to generate earnings. Overall, the increasing ROA trend is a positive indicator of the company's financial performance and efficiency in utilizing its assets to generate profits.