Haverty Furniture Companies Inc (HVT)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 56,319 | 89,358 | 90,803 | 59,148 | 21,865 |
| Total assets | US$ in thousands | 654,133 | 649,049 | 686,290 | 680,372 | 560,072 |
| ROA | 8.61% | 13.77% | 13.23% | 8.69% | 3.90% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $56,319K ÷ $654,133K
= 8.61%
Haverty Furniture Companies Inc's return on assets (ROA) has displayed varying performance over the past five years. In 2023, the ROA decreased to 8.61% compared to 13.77% in 2022 and 13.23% in 2021, but it was still higher than the 8.69% in 2020 and 3.90% in 2019. This indicates that in 2023, the company generated a profit of 8.61% for every dollar of assets it owned. The decreasing trend in ROA from 2021 to 2023 may suggest some challenges in efficiently utilizing the company's assets to generate profits. It would be important to further investigate the factors contributing to the fluctuating ROA to ensure sustainable and profitable operations in the future.
Peer comparison
Dec 31, 2023