Haverty Furniture Companies Inc (HVT)
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 | 56,320 | 65,056 | 72,453 | 82,369 | 89,358 | 89,926 | 89,608 | 90,758 | 90,803 | 91,925 | 85,953 | 76,735 | 59,148 | 39,820 | 27,656 | 20,062 | 21,864 | 25,193 | 27,448 | 27,616 |
| 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 |
| ROA | 8.61% | 9.61% | 11.04% | 12.70% | 13.77% | 12.98% | 12.91% | 13.08% | 13.23% | 12.04% | 11.29% | 10.83% | 8.69% | 5.69% | 4.25% | 3.49% | 3.90% | 4.35% | 4.89% | 4.80% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $56,320K ÷ $654,133K
= 8.61%
The return on assets (ROA) for Haverty Furniture Cos., Inc. has shown a fluctuating trend over the past eight quarters. In Q1 2022, the ROA was at its highest point at 13.77%, indicating that the company was generating $0.1377 in profit for every dollar of assets it holds. Subsequently, there was a slight decrease in ROA over the next few quarters, with Q4 2023 reporting the lowest ROA of 8.61%.
The overall trend suggests that the company's efficiency in generating profits from its assets has experienced some variability. Further analysis of the company's financial performance and asset utilization may be needed to understand the reasons behind these fluctuations and assess the sustainability of the ROA levels observed.
Peer comparison
Dec 31, 2023