Hawkins Inc (HWKN)
Return on assets (ROA)
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 75,363 | 60,041 | 51,542 | 40,980 | 28,367 |
| Total assets | US$ in thousands | 657,934 | 590,535 | 567,328 | 472,550 | 389,328 |
| ROA | 11.45% | 10.17% | 9.09% | 8.67% | 7.29% |
March 31, 2024 calculation
ROA = Net income ÷ Total assets
= $75,363K ÷ $657,934K
= 11.45%
Hawkins Inc's return on assets (ROA) has shown a consistent upward trend over the past five years, increasing from 7.29% in 2020 to 11.45% in 2024. This indicates that the company has been effectively utilizing its assets to generate profits.
The steady improvement in ROA reflects positively on the company's operational efficiency and management effectiveness in generating earnings relative to its asset base. This trend suggests that Hawkins Inc has been able to enhance its profitability over the years through better asset utilization.
Overall, the increasing ROA for Hawkins Inc signifies a positive financial performance and indicates that the company is becoming more proficient in generating profits from its assets. Investors and stakeholders may view this trend favorably as it demonstrates the company's ability to generate a higher return on its investments.
Peer comparison
Mar 31, 2024