Harley-Davidson Inc (HOG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 455,357 | 706,586 | 741,408 | 650,024 | 1,298 |
| Total assets | US$ in thousands | 11,881,600 | 12,140,600 | 11,492,500 | 11,051,100 | 12,010,600 |
| ROA | 3.83% | 5.82% | 6.45% | 5.88% | 0.01% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $455,357K ÷ $11,881,600K
= 3.83%
Based on the data provided, Harley-Davidson Inc's return on assets (ROA) has shown a positive trend over the past years, increasing from 0.01% as of December 31, 2020, to 3.83% as of December 31, 2024. This indicates that the company has been more efficient in generating profits relative to its assets, with a significant improvement in ROA performance since 2020.
The ROA of 5.88% as of December 31, 2021, reached a peak of 6.45% as of December 31, 2022, showing strong asset utilization and profitability during this period. However, there was a slight decline to 5.82% as of December 31, 2023, before dropping further to 3.83% by December 31, 2024.
It is important to consider the factors influencing this fluctuation in ROA, such as changes in revenue, expenses, asset management, and overall efficiency in utilizing assets to generate earnings. Further analysis of the company's financial performance and operational strategies would be necessary to fully understand the drivers behind the variations in ROA over the years.
Peer comparison
Dec 31, 2024