Hawkins Inc (HWKN)
Operating return on assets (Operating ROA)
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 104,036 | 102,435 | 99,228 | 92,773 | 88,150 | 84,876 | 83,868 | 76,940 | 71,194 | 68,860 | 65,090 | 62,058 | 55,878 | 50,760 | 47,047 | 43,648 | 41,671 | 39,702 | 39,647 | 37,301 |
| Total assets | US$ in thousands | 657,934 | 644,047 | 575,297 | 591,963 | 590,535 | 594,004 | 599,283 | 596,404 | 567,328 | 521,144 | 477,804 | 475,015 | 472,550 | 446,005 | 423,080 | 399,462 | 389,328 | 386,579 | 393,042 | 398,957 |
| Operating ROA | 15.81% | 15.90% | 17.25% | 15.67% | 14.93% | 14.29% | 13.99% | 12.90% | 12.55% | 13.21% | 13.62% | 13.06% | 11.82% | 11.38% | 11.12% | 10.93% | 10.70% | 10.27% | 10.09% | 9.35% |
March 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $104,036K ÷ $657,934K
= 15.81%
Operating return on assets (ROA) is a key financial ratio that indicates the efficiency of a company in generating operating profits from its assets. Hawkins Inc's operating ROA has shown a fluctuating trend over the past few quarters.
The company's operating ROA stood at 15.81% as of March 31, 2024, which is slightly lower than the previous quarter's figure of 15.90%. Despite this slight decline, the operating ROA remains relatively strong, indicating that Hawkins Inc is effectively utilizing its assets to generate operating income.
Looking at the trend over the past several quarters, there have been fluctuations in the operating ROA, with some quarters showing increases and others showing decreases. However, the general trend has been positive, with the operating ROA consistently above 10% in recent periods.
Overall, the operating ROA of Hawkins Inc suggests that the company is efficiently managing its assets to generate operating profits, which is a positive indicator of the company's operational performance. A consistent focus on effectively utilizing assets to drive profitability could further enhance the company's financial performance in the future.
Peer comparison
Mar 31, 2024