Sally Beauty Holdings Inc (SBH)
Return on assets (ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 172,653 | 184,600 | 163,358 | 159,104 | 165,051 | 183,552 | 230,362 | 260,001 | 251,505 | 239,858 | 241,897 | 142,165 | 117,221 | 113,245 | 112,064 | 206,754 | 259,111 | 271,623 | 257,802 | 244,864 |
| Total assets | US$ in thousands | 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 | 2,098,450 | 2,072,270 | 2,092,610 |
| ROA | 6.32% | 6.77% | 6.11% | 5.95% | 6.19% | 7.12% | 8.58% | 9.48% | 8.81% | 8.42% | 8.71% | 4.89% | 3.91% | 3.91% | 3.50% | 7.08% | 9.69% | 12.94% | 12.44% | 11.70% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $172,653K ÷ $2,731,390K
= 6.32%
To analyze Sally Beauty Holdings Inc's return on assets (ROA) based on the provided data, we can observe a fluctuating trend over the past eight quarters. The ROA has ranged from a high of 9.48% in Q2 2022 to a low of 5.95% in Q2 2023.
The ROA peaked at 9.48% in Q2 2022 but has been on a downward trend since then, with a general decrease in the subsequent quarters. Despite the fluctuations, the ROA has remained above 5% throughout the period, indicating that the company is generating a positive return on its assets.
The decreasing trend in ROA may suggest challenges or inefficiencies in managing the company's assets to generate profits. It could also indicate changes in the company's financial structure or business operations that are impacting its profitability.
Overall, a detailed analysis of the factors driving the fluctuations in ROA over time, such as changes in revenue, expenses, asset efficiency, or capital structure, would provide a more comprehensive understanding of Sally Beauty Holdings Inc's financial performance.
Peer comparison
Dec 31, 2023