Leslies Inc (LESL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -23,379 | 3,025 | 14,922 | 17,948 | 27,242 | 68,695 | 119,134 | 143,221 | 159,029 | 145,636 | 141,452 | 142,440 | 126,634 | |||
| 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 |
| ROA | -2.23% | 0.27% | 1.36% | 1.80% | 2.63% | 6.04% | 10.24% | 13.30% | 14.33% | 13.04% | 15.21% | 17.56% | 12.15% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-23,379K ÷ $1,050,320K
= -2.23%
Leslies Inc's return on assets (ROA) has exhibited fluctuating trends over the past 15 quarters. The ROA was 0.27% as of June 30, 2024, showing a slight increase from the previous quarter. However, the ROA deteriorated significantly to -2.23% as of September 30, 2024, indicating a decrease in the company's ability to generate profits relative to its total assets.
It is important to note that Leslies Inc experienced a notable decline in ROA from December 31, 2023, to September 30, 2024, with the ROA steadily decreasing during this period. The peak ROA of 17.56% was observed on December 31, 2021, followed by a gradual decline in subsequent quarters.
This downward trend in ROA suggests a decrease in the efficiency of asset utilization and profitability. Further analysis and investigation into the company's financial performance, asset management, and overall business operations would be beneficial to identify the underlying reasons for the declining ROA and to implement appropriate strategies for improvement.
Peer comparison
Sep 30, 2024