Hawkins Inc (HWKN)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 75,363 | 73,144 | 68,992 | 63,776 | 60,041 | 59,005 | 58,476 | 54,609 | 51,542 | 50,046 | 47,763 | 45,820 | 40,980 | 36,662 | 33,288 | 30,348 | 28,367 | 27,375 | 26,958 | 25,117 |
| 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 |
| ROA | 11.45% | 11.36% | 11.99% | 10.77% | 10.17% | 9.93% | 9.76% | 9.16% | 9.09% | 9.60% | 10.00% | 9.65% | 8.67% | 8.22% | 7.87% | 7.60% | 7.29% | 7.08% | 6.86% | 6.30% |
March 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $75,363K ÷ $657,934K
= 11.45%
Hawkins Inc's return on assets (ROA) has shown a generally positive trend over the past few quarters, indicating the company's ability to generate profits relative to its total assets. The ROA has been consistently above 7% for the past five quarters, with a noticeable increase from 6.30% in June 2019 to 11.45% in March 2024. This upward trend suggests that the company is effectively utilizing its assets to generate earnings.
Furthermore, the ROA of Hawkins Inc has been consistently above 9% since March 2022, peaking at 11.99% in September 2023. This indicates a strong performance in asset utilization during this period. The company's ability to maintain a ROA above 9% for multiple quarters reflects efficient management of assets to drive profitability.
Overall, the increasing trend and consistently high levels of ROA for Hawkins Inc suggest that the company is efficient in generating profits from its assets. Investors and stakeholders may view this positively as it indicates effective management and utilization of resources.
Peer comparison
Mar 31, 2024