MarineMax Inc (HZO)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 200,802 | 265,204 | 209,459 | 106,715 | 60,532 |
| Total assets | US$ in thousands | 2,421,300 | 1,352,770 | 1,007,820 | 775,319 | 784,083 |
| Operating ROA | 8.29% | 19.60% | 20.78% | 13.76% | 7.72% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $200,802K ÷ $2,421,300K
= 8.29%
To analyze Marinemax, Inc.'s operating return on assets (operating ROA) over the past five years, we can observe a significant fluctuation in the ratio. In 2019, the operating ROA was 7.72%, which then increased to 13.76% in 2020 before experiencing a substantial surge to 20.78% in 2021. However, a downward trend was observed in 2022, as the ratio decreased to 19.60%, and further dropped to 8.29% in 2023.
The fluctuation in operating ROA indicates that the company's ability to generate operating income from its assets has varied over the years. The decrease in 2023 compared to the prior years suggests a potential decline in the company's efficiency in generating operating income relative to its assets.
It is important to further investigate the factors influencing this decline in operating ROA and to assess the company's operational and financial strategies to address any potential issues that may be affecting its performance in utilizing its assets to generate operating income.
Peer comparison
Sep 30, 2023