Harley-Davidson Inc (HOG)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 706,586 | 741,408 | 650,024 | 1,298 | 423,635 |
| Total assets | US$ in thousands | 12,140,600 | 11,492,500 | 11,051,100 | 12,010,600 | 10,528,200 |
| ROA | 5.82% | 6.45% | 5.88% | 0.01% | 4.02% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $706,586K ÷ $12,140,600K
= 5.82%
The Return on Assets (ROA) measures the company's ability to generate profit from its total assets. In the case of Harley-Davidson, Inc., the ROA has fluctuated over the past five years.
In 2023, the ROA stands at 5.82%, showing a decrease compared to the previous year's 6.45%. Despite the decrease, the company is still effectively generating profit relative to its total assets.
In 2022 and 2021, the ROA remained relatively stable at 6.45% and 5.88% respectively, indicating consistent profitability from the company's assets during those years.
In 2020, the ROA was significantly lower at 0.01%, suggesting a notable decline in the company's ability to generate profit from its assets. This could be due to various factors such as lower sales, higher expenses, or asset impairment.
The highest ROA in the past five years was in 2019 at 4.02%, indicating a relatively strong performance in generating profit from assets that year.
Overall, while the ROA of Harley-Davidson, Inc. has seen fluctuations, the company has generally been able to effectively utilize its assets to generate profit, with some years showing stronger performance than others.
Peer comparison
Dec 31, 2023