Harley-Davidson Inc (HOG)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 779,084 | 803,945 | 933,378 | 989,655 | 909,278 | 898,258 | 763,752 | 766,497 | 823,439 | 711,127 | 644,799 | 248,340 | 9,679 | 141,693 | 123,653 | 496,009 | 555,608 | 546,956 | 576,528 | 644,218 |
| Total assets | US$ in thousands | 12,140,600 | 12,462,200 | 12,015,600 | 12,029,600 | 11,492,500 | 11,927,600 | 12,121,600 | 10,894,600 | 11,051,100 | 11,199,800 | 10,909,200 | 11,339,000 | 12,010,600 | 12,532,300 | 13,156,200 | 11,139,900 | 10,528,200 | 10,576,200 | 10,740,300 | 10,580,600 |
| Operating ROA | 6.42% | 6.45% | 7.77% | 8.23% | 7.91% | 7.53% | 6.30% | 7.04% | 7.45% | 6.35% | 5.91% | 2.19% | 0.08% | 1.13% | 0.94% | 4.45% | 5.28% | 5.17% | 5.37% | 6.09% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $779,084K ÷ $12,140,600K
= 6.42%
Harley-Davidson, Inc.'s operating return on assets (operating ROA) has shown some fluctuations over the past eight quarters. The trend appears to be somewhat volatile, with the operating ROA ranging from a low of 6.32% in Q2 2022 to a high of 8.22% in Q1 2023.
Overall, the average operating ROA for the period is approximately 7.22%. This indicates that, on average, the company generates $0.0722 in operating income for every $1 of assets it holds. While the company's profitability seems to have improved in the recent quarters, there was a slight dip in Q4 2023 compared to the previous quarter.
Harley-Davidson's ability to generate operating income from its assets is an important metric to assess its operational efficiency and profitability. Investors and stakeholders may closely monitor this ratio to evaluate the company's performance and make informed decisions regarding their investments.
Peer comparison
Dec 31, 2023