MarineMax Inc (HZO)

Operating return on assets (Operating ROA)

Sep 30, 2024 Jun 30, 2024 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
Operating income (ttm) US$ in thousands 128,226 135,743 149,297 183,301 200,802 217,405 238,124 254,502 265,204 257,983 243,591 224,678 209,460 198,514 166,221 123,067 106,715 86,541 66,668 67,178
Total assets US$ in thousands 2,605,070 2,593,660 2,630,990 2,526,510 2,421,300 2,380,300 2,324,730 2,113,280 1,352,770 1,320,070 1,205,720 1,175,140 1,007,820 956,090 925,126 964,888 775,319 735,960 873,104 835,406
Operating ROA 4.92% 5.23% 5.67% 7.26% 8.29% 9.13% 10.24% 12.04% 19.60% 19.54% 20.20% 19.12% 20.78% 20.76% 17.97% 12.75% 13.76% 11.76% 7.64% 8.04%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $128,226K ÷ $2,605,070K
= 4.92%

Operating return on assets (operating ROA) for MarineMax Inc has fluctuated over the past few years, ranging from as low as 4.92% in September 2024 to a high of 20.78% in March 2022. The trend for operating ROA seems to have peaked in the early 2020s before declining in recent quarters, showing a decrease from above 20% to below 10%.

A higher operating ROA indicates that the company is generating more earnings from its operational assets, reflecting efficiency in asset utilization. The decline in operating ROA could signal potential issues with operational efficiency or profitability of the company.

It is important for investors and analysts to monitor the operating ROA trend over time to assess the company's ability to generate profits from its assets and manage operational performance effectively. Further analysis of the company's financial statements and industry trends may provide additional insights into the factors influencing MarineMax Inc's operating ROA.


Peer comparison

Sep 30, 2024