Sally Beauty Holdings Inc (SBH)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 184,600 | 183,553 | 239,858 | 184,600 | 271,623 |
| Total assets | US$ in thousands | 2,725,250 | 2,576,870 | 2,847,130 | 2,895,150 | 2,098,450 |
| ROA | 6.77% | 7.12% | 8.42% | 6.38% | 12.94% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $184,600K ÷ $2,725,250K
= 6.77%
Based on the data provided, the return on assets (ROA) for Sally Beauty Holdings Inc has varied over the past five years. The ROA, which represents the company's ability to generate earnings from its assets, was 6.77% as of September 30, 2023. This reflects a slight decrease from the previous year's ROA of 7.12% but is still higher than the 2020 ROA of 3.91%. The substantial decline in ROA in 2020 followed by the subsequent recovery in 2021 and 2022 suggests that the company's profitability and efficiency in asset utilization faced challenges and then improved. The unusually high ROA of 12.94% in 2019 indicates a period of exceptional performance, possibly due to efficient asset management or higher profitability. Overall, the trend in ROA for Sally Beauty Holdings Inc highlights the importance of closely monitoring the company's asset productivity and profitability to assess its financial performance.
Peer comparison
Sep 30, 2023