Leslies Inc (LESL)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 27,242 | 159,029 | 126,634 |
| Total assets | US$ in thousands | 1,034,440 | 1,109,630 | 1,042,230 |
| ROA | 2.63% | 14.33% | 12.15% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $27,242K ÷ $1,034,440K
= 2.63%
Leslies Inc's return on assets (ROA) has experienced a significant drop from 14.33% in 2022 to 2.63% in 2023. This indicates a substantial decrease in the company's ability to generate profit from its assets over the one-year period. The sharp decline in ROA suggests that Leslies Inc may be experiencing operational challenges or inefficiencies that are impacting its profitability relative to its asset base. Further analysis is warranted to identify the specific factors contributing to the decline in ROA and to devise appropriate strategies to improve financial performance and asset utilization in the future.
Peer comparison
Sep 30, 2023