MarineMax Inc (HZO)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 109,282 | 197,989 | 154,979 | 74,634 | 35,985 |
| Total assets | US$ in thousands | 2,421,300 | 1,352,770 | 1,007,820 | 775,319 | 784,083 |
| ROA | 4.51% | 14.64% | 15.38% | 9.63% | 4.59% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $109,282K ÷ $2,421,300K
= 4.51%
The return on assets (ROA) for Marinemax, Inc. has exhibited fluctuations over the past five years. In 2023, the ROA stands at 4.51%, indicating a decrease from the previous year. This decline suggests that the company's ability to generate earnings from its assets has weakened compared to the prior year. The 2023 ROA of 4.51% is substantially lower than the ROA of 14.64% and 15.38% reported in 2022 and 2021, respectively. This trend indicates a notable deterioration in the company's efficiency in utilizing its assets to generate profits. Additionally, the 2023 ROA of 4.51% is comparatively similar to the 4.59% reported in 2019, signifying a return to a lower level of asset efficiency after a brief period of improvement in 2020 and 2021. Overall, the declining trend in ROA suggests that Marinemax, Inc. may need to evaluate its asset management strategies to effectively enhance its profitability.
Peer comparison
Sep 30, 2023