Haverty Furniture Companies Inc (HVT)
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 | 67,125 | 210,377 | 221,288 | 235,006 | 246,059 | 236,211 | 235,984 | 236,531 | 236,390 | 223,922 | 218,951 | 240,453 | 217,259 | 193,055 | 174,083 | 131,470 | 133,828 | 134,879 | 137,706 | 138,357 |
| Total assets | US$ in thousands | 654,133 | 676,681 | 656,190 | 648,415 | 649,049 | 692,946 | 694,296 | 693,885 | 686,290 | 763,760 | 761,141 | 708,272 | 680,372 | 699,425 | 651,109 | 574,879 | 560,072 | 578,503 | 560,776 | 575,083 |
| Operating ROA | 10.26% | 31.09% | 33.72% | 36.24% | 37.91% | 34.09% | 33.99% | 34.09% | 34.44% | 29.32% | 28.77% | 33.95% | 31.93% | 27.60% | 26.74% | 22.87% | 23.89% | 23.32% | 24.56% | 24.06% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $67,125K ÷ $654,133K
= 10.26%
Haverty Furniture Cos., Inc.'s operating return on assets (operating ROA) has exhibited a downward trend over the past eight quarters. The company's operating ROA declined from 18.17% in Q4 2022 to 10.29% in Q4 2023. This suggests a reduction in the company's ability to generate operating profits from its assets during this period.
The decrease in operating ROA could be an indication of declining operational efficiency, lower profitability, or a less effective utilization of assets by the company. It is important for Haverty Furniture Cos., Inc. to closely monitor and address the factors contributing to this downward trend in order to improve its operational performance and profitability over time.
Overall, the fluctuating trend in operating ROA for Haverty Furniture Cos., Inc. highlights the need for the company to implement strategic measures to enhance its operational effectiveness and asset utilization in order to improve its financial performance in the future.
Peer comparison
Dec 31, 2023