MarineMax Inc (HZO)
Return on assets (ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 90,522 | 109,282 | 132,501 | 158,264 | 181,736 | 197,989 | 192,455 | 181,894 | 167,322 | 154,979 | 147,736 | 123,045 | 89,175 | 74,634 | 55,736 | 39,896 | 40,134 | 35,985 | 40,840 | 39,129 |
| Total assets | US$ in thousands | 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 | 784,083 | 755,407 | 749,025 |
| ROA | 3.58% | 4.51% | 5.57% | 6.81% | 8.60% | 14.64% | 14.58% | 15.09% | 14.24% | 15.38% | 15.45% | 13.30% | 9.24% | 9.63% | 7.57% | 4.57% | 4.80% | 4.59% | 5.41% | 5.22% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $90,522K ÷ $2,526,510K
= 3.58%
Marinemax, Inc.'s return on assets (ROA) has fluctuated over the past eight quarters. The ROA decreased from 15.09% in March 2022 to 3.58% in December 2023. This decline suggests a decrease in the company's ability to generate profits from its assets. However, it is important to note that the ROA has shown some volatility, with the highest value of 15.09% in March 2022 and the lowest value of 3.58% in December 2023. This fluctuation may indicate changes in the company's asset utilization and profitability. Further analysis of the company's financial performance and factors affecting its asset management would be necessary to fully understand the reasons behind these fluctuations.
Peer comparison
Dec 31, 2023