Sally Beauty Holdings Inc (SBH)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 282,733 | 277,375 | 295,730 | 307,564 | 325,029 | 287,317 | 296,395 | 311,448 | 337,640 | 409,637 | 437,851 | 426,901 | 418,443 | 426,927 | 300,941 | 268,695 | 258,760 | 255,175 | 373,875 | 443,122 |
| Total assets | US$ in thousands | 2,792,900 | 2,721,200 | 2,746,540 | 2,731,390 | 2,725,250 | 2,675,400 | 2,675,110 | 2,668,550 | 2,576,870 | 2,685,870 | 2,743,000 | 2,855,940 | 2,847,130 | 2,778,180 | 2,909,570 | 2,999,650 | 2,895,150 | 3,198,090 | 2,921,170 | 2,675,060 |
| Operating ROA | 10.12% | 10.19% | 10.77% | 11.26% | 11.93% | 10.74% | 11.08% | 11.67% | 13.10% | 15.25% | 15.96% | 14.95% | 14.70% | 15.37% | 10.34% | 8.96% | 8.94% | 7.98% | 12.80% | 16.56% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $282,733K ÷ $2,792,900K
= 10.12%
Sally Beauty Holdings Inc's operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. The operating ROA ranged from a low of 7.98% in the first quarter of 2020 to a high of 16.56% in the second quarter of 2022.
Overall, there seems to be a general upward trend in operating ROA from 2020 to the first half of 2022, indicating an improvement in the company's ability to generate operating profits from its assets. However, there was a slight dip in the first quarter of 2022 followed by a recovery in the second quarter of 2022.
It is important to note that a high operating ROA signifies effective utilization of assets to generate operating income, while a low operating ROA may indicate inefficiencies in asset management. Therefore, the company should continue to monitor and strive to maintain or improve its operating ROA to ensure sustainable profitability and efficiency in its operations.
Peer comparison
Sep 30, 2024