Planet Fitness Inc (PLNT)
Return on assets (ROA)
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 172,042 | 160,298 | 157,423 | 149,918 | 138,314 | 136,657 | 124,436 | 105,643 | 99,402 | 71,459 | 61,989 | 53,657 | 42,774 | 45,724 | 25,170 | -18,017 | -14,991 | 5,984 | 34,872 | 98,893 |
| Total assets | US$ in thousands | 3,069,710 | 3,048,180 | 2,974,040 | 2,992,780 | 2,969,690 | 2,944,850 | 2,848,240 | 2,905,560 | 2,854,590 | 2,846,260 | 2,884,090 | 2,992,400 | 2,015,980 | 1,949,700 | 1,899,600 | 1,864,980 | 1,849,740 | 1,801,550 | 1,800,040 | 1,875,640 |
| ROA | 5.60% | 5.26% | 5.29% | 5.01% | 4.66% | 4.64% | 4.37% | 3.64% | 3.48% | 2.51% | 2.15% | 1.79% | 2.12% | 2.35% | 1.33% | -0.97% | -0.81% | 0.33% | 1.94% | 5.27% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $172,042K ÷ $3,069,710K
= 5.60%
Planet Fitness Inc's return on assets (ROA) shows a fluctuating trend over the periods provided. From March 31, 2020, to December 31, 2024, the ROA ranged from a low of -0.97% to a high of 5.60%.
The ROA improved from negative values in 2020 to positive values in later periods, indicating a potential turnaround in the company's asset utilization and profitability. The company's management may have focused on improving operational efficiency and generating higher returns on its assets during this period.
The most recent ROA of 5.60% as of December 31, 2024, suggests that Planet Fitness Inc is effectively utilizing its assets to generate profits. A consistent increase in ROA over the periods indicates positive growth prospects for the company and confidence in its ability to generate returns for its shareholders.
Overall, the upward trend in ROA demonstrates improving financial performance and efficiency in asset utilization by Planet Fitness Inc, which could be a positive sign for investors and stakeholders. It will be crucial for the company to sustain this momentum in effectively managing its assets to drive continued profitability.