Leslies Inc (LESL)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 57,117 | 69,241 | 87,353 | 92,694 | 102,179 | 146,709 | 203,040 | 224,238 | 238,754 | 222,796 | 217,092 | 222,390 | 209,085 | |||
| Total assets | US$ in thousands | 1,050,320 | 1,105,190 | 1,095,250 | 998,520 | 1,034,440 | 1,137,420 | 1,163,230 | 1,076,780 | 1,109,630 | 1,116,990 | 930,195 | 811,265 | 1,042,230 | 996,112 | 857,315 | 745,840 |
| Operating ROA | 5.44% | 6.27% | 7.98% | 9.28% | 9.88% | 12.90% | 17.45% | 20.82% | 21.52% | 19.95% | 23.34% | 27.41% | 20.06% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $57,117K ÷ $1,050,320K
= 5.44%
Leslies Inc's operating return on assets (operating ROA) has shown fluctuations over the periods in consideration.
From December 2020 to September 2021, the operating ROA increased steadily, reaching a peak of 27.41% in March 2022, reflecting efficient operations generating substantial earnings relative to its assets. However, after March 2022, there was a slight decrease in the operating ROA, stabilizing around the 20-21% range from September 2022 to June 2024.
The operating ROA dropped to 5.44% in September 2024, indicating a notable decline in profitability compared to previous periods. This decrease might be attributed to various factors such as increased operating expenses, lower sales, or inefficiencies in asset utilization.
Overall, while Leslies Inc has generally maintained a positive operating ROA, the recent downward trend suggests a need for closer examination of the company's operational efficiency and asset management strategies to sustain or improve its profitability levels.
Peer comparison
Sep 30, 2024