Hawkins Inc (HWKN)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 104,036 | 88,150 | 71,194 | 55,878 | 41,671 |
| Total assets | US$ in thousands | 657,934 | 590,535 | 567,328 | 472,550 | 389,328 |
| Operating ROA | 15.81% | 14.93% | 12.55% | 11.82% | 10.70% |
March 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $104,036K ÷ $657,934K
= 15.81%
Over the five-year period from March 31, 2020, to March 31, 2024, Hawkins Inc's operating return on assets (operating ROA) has shown a consistent upward trend, indicating an improvement in the company's efficiency in generating profits from its assets. The operating ROA increased from 10.70% in 2020 to 15.81% in 2024.
This consistent improvement in operating ROA suggests that Hawkins Inc has been able to effectively utilize its assets to generate operating profits. It indicates that the company's management has been successful in increasing operational efficiency and optimizing the utilization of its assets to enhance profitability.
The rising trend in operating ROA also signifies that Hawkins Inc has been able to effectively manage its operating expenses and generate higher operating income relative to its total assets. This improved efficiency in generating profits from its assets bodes well for the company's financial performance and sustainability in the long run.
Overall, the increasing trend in Hawkins Inc's operating ROA reflects positively on the company's operational effectiveness and efficiency in generating returns for its shareholders. It indicates a sound operational performance and effective asset management by the company over the five-year period.
Peer comparison
Mar 31, 2024