MarineMax Inc (HZO)
Return on equity (ROE)
| 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 stockholders’ equity | US$ in thousands | 975,795 | 967,551 | 931,309 | 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 |
| ROE | 3.90% | 5.09% | 6.67% | 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% |
September 30, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $38,066K ÷ $975,795K
= 3.90%
MarineMax Inc's return on equity (ROE) has shown fluctuations over the past few quarters. The ROE trend has been gradually decreasing from 26.05% in Dec 31, 2021, to 3.90% in Sep 30, 2024. This downward trend indicates that the company's profitability relative to shareholders' equity has been decreasing over time.
The highest ROE was observed at 26.98% in Mar 31, 2022, and has since been declining. This suggests that the company was more efficient in generating profits from shareholders' equity during that period compared to more recent quarters.
Overall, the downward trend in ROE may raise concerns about the company's ability to generate strong returns for its shareholders. Investors and analysts may need to further investigate the factors contributing to this decline in ROE to assess the company's financial performance and future prospects accurately.
Peer comparison
Sep 30, 2024