Henry Schein Inc (HSIC)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 416,000 | 445,000 | 458,000 | 478,000 | 538,000 | 638,000 | 650,000 | 646,000 | 631,000 | 626,839 | 606,536 | 439,739 | 404,000 | 591,770 | 590,630 | 715,959 | 695,481 | 482,649 | 432,862 | 428,966 |
| Total assets | US$ in thousands | 10,573,000 | 9,810,000 | 9,146,000 | 8,572,000 | 8,607,000 | 8,534,000 | 8,324,000 | 8,447,000 | 8,481,000 | 8,420,750 | 8,124,070 | 7,779,920 | 7,773,000 | 7,809,900 | 7,318,120 | 7,519,200 | 7,151,100 | 7,097,080 | 7,112,340 | 7,144,860 |
| ROA | 3.93% | 4.54% | 5.01% | 5.58% | 6.25% | 7.48% | 7.81% | 7.65% | 7.44% | 7.44% | 7.47% | 5.65% | 5.20% | 7.58% | 8.07% | 9.52% | 9.73% | 6.80% | 6.09% | 6.00% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $416,000K ÷ $10,573,000K
= 3.93%
Henry Schein Inc's return on assets (ROA) has exhibited a downward trend over the past few quarters, declining from 9.73% in March 2019 to 3.93% in December 2023. This indicates that the company's ability to generate profits from its assets has weakened over time.
The ROA peaked at 9.73% in March 2019 and has since fluctuated, with occasional increases but an overall decreasing trend. The ROA was highest in the first half of 2019, but it has gradually declined since then.
A declining ROA may suggest inefficiencies in asset utilization or decreasing profitability relative to the size of the asset base. Investors and analysts would likely seek further insights into the company's operational performance and management of assets to understand the factors contributing to the decreasing ROA trend.
Peer comparison
Dec 31, 2023