MarineMax Inc (HZO)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 38,066 | 49,208 | 62,074 | 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 |
| 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 |
| ROA | 1.46% | 1.90% | 2.36% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $38,066K ÷ $2,605,070K
= 1.46%
MarineMax Inc's return on assets (ROA) has shown a fluctuating trend over the past several quarters. The ROA has generally been on a declining trend since the peak of 15.45% in March 2021, although it experienced a slight increase in the most recent quarter to 2.36% as of September 30, 2024.
The ROA indicates how efficiently the company is utilizing its assets to generate profits. A higher ROA suggests better asset utilization and profitability. MarineMax Inc's ROA peaked at 15.45% in March 2021, indicating strong asset efficiency and profitability at that time. However, the ROA has since declined, with fluctuations in performance.
It is important to further investigate the reasons behind the fluctuations in ROA to determine if they are due to changes in the company's operating efficiency, asset management, or profitability. A company's ability to consistently maintain a healthy ROA is crucial for long-term financial success and shareholder value.
Peer comparison
Sep 30, 2024