MarineMax Inc (HZO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 925,098 | 915,843 | 899,809 | 848,626 | 812,220 | 782,666 | 742,740 | 674,260 | 633,352 | 594,892 | 572,771 | 523,304 | 482,582 | 455,397 | 425,025 | 387,077 | 380,747 | 368,819 | 369,786 | 368,489 |
| ROE | 9.79% | 11.93% | 14.73% | 18.65% | 22.38% | 25.30% | 25.91% | 26.98% | 26.42% | 26.05% | 25.79% | 23.51% | 18.48% | 16.39% | 13.11% | 10.31% | 10.54% | 9.76% | 11.04% | 10.62% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $90,522K ÷ $925,098K
= 9.79%
Marinemax, Inc.'s return on equity (ROE) has experienced a decreasing trend over the past eight quarters. The ROE declined from 26.98% in the first quarter of 2022 to 9.79% in the fourth quarter of 2023. This decline indicates a reduction in the company's ability to generate profits from its shareholders' equity. The downward trend suggests that the company may be facing challenges in efficiently utilizing its equity to generate profits, potentially indicating operational or financial management issues. It would be prudent for stakeholders to closely monitor the company's performance and investigate the factors contributing to the declining ROE.
Peer comparison
Dec 31, 2023