MarineMax Inc (HZO)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 38,066 | 109,282 | 197,989 | 154,979 | 74,634 |
| Total assets | US$ in thousands | 2,605,070 | 2,421,300 | 1,352,770 | 1,007,820 | 775,319 |
| ROA | 1.46% | 4.51% | 14.64% | 15.38% | 9.63% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $38,066K ÷ $2,605,070K
= 1.46%
MarineMax Inc's return on assets (ROA) has exhibited a declining trend over the past five years. The ROA decreased from 9.63% in 2020 to 1.46% in 2024, reflecting a consistent decrease in the company's ability to generate profits from its assets. This decline may indicate inefficiencies in asset utilization or decreasing profitability relative to the size of the asset base. It is essential for MarineMax Inc to assess the underlying reasons for this downward trend in ROA and implement strategies to improve asset efficiency and profitability in the future.
Peer comparison
Sep 30, 2024
Company name
Symbol
ROA
MarineMax Inc
HZO
1.46%
Advance Auto Parts Inc
AAP
0.24%
AutoZone Inc
AZO
15.50%
O’Reilly Automotive Inc
ORLY
16.91%