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