MarineMax Inc (HZO)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 128,226 | 200,802 | 265,204 | 209,459 | 106,715 |
| Total assets | US$ in thousands | 2,605,070 | 2,421,300 | 1,352,770 | 1,007,820 | 775,319 |
| Operating ROA | 4.92% | 8.29% | 19.60% | 20.78% | 13.76% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $128,226K ÷ $2,605,070K
= 4.92%
MarineMax Inc's operating return on assets (operating ROA) has shown a declining trend over the past five years, from 13.76% in 2020 to 4.92% in 2024. This indicates that the company's ability to generate operating profits from its assets has decreased over this period. The significant drop in operating ROA from 2021 to 2022, followed by a further decline in subsequent years, suggests potential challenges or inefficiencies in the company's operations and asset utilization. Investors and stakeholders may want to investigate the reasons behind this downward trend in operating ROA to assess the company's operational performance and efficiency.
Peer comparison
Sep 30, 2024