Harley-Davidson Inc (HOG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 416,628 | 588,831 | 692,320 | 672,556 | 779,086 | 766,560 | 971,460 | 1,091,129 | 1,010,752 | 1,037,117 | 827,144 | 766,497 | 823,439 | 711,127 | 644,799 | 248,340 | 9,679 | 141,693 | 123,653 | 496,009 |
| Total assets | US$ in thousands | 11,881,600 | 13,026,700 | 12,760,200 | 12,334,900 | 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 |
| Operating ROA | 3.51% | 4.52% | 5.43% | 5.45% | 6.42% | 6.15% | 8.08% | 9.07% | 8.79% | 8.70% | 6.82% | 7.04% | 7.45% | 6.35% | 5.91% | 2.19% | 0.08% | 1.13% | 0.94% | 4.45% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $416,628K ÷ $11,881,600K
= 3.51%
Harley-Davidson Inc's operating return on assets (operating ROA) has shown fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The operating ROA started at 4.45% in March 2020, decreased to 0.08% in December 2020, and then gradually improved. From June 2021 to September 2022, the operating ROA consistently increased, reaching its peak at 8.79% in December 2022.
However, from March 2023, the operating ROA started to decline, dipping to 3.51% by December 2024. Despite the fluctuations over time, the operating ROA remained above 5% for most of the period under review, indicating the company's ability to generate operating income relative to its total assets. The decreasing trend towards the end of the period may require further analysis to identify potential operational challenges or inefficiencies impacting the company's profitability.
Peer comparison
Dec 31, 2024