Sally Beauty Holdings Inc (SBH)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 153,414 | 147,939 | 161,036 | 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 |
| 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 |
| ROA | 5.49% | 5.44% | 5.86% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $153,414K ÷ $2,792,900K
= 5.49%
Sally Beauty Holdings Inc's return on assets (ROA) has exhibited some fluctuations over the past eight quarters. ROA measures the company's efficiency in generating profits from its assets.
The ROA for the most recent quarter, ending September 30, 2024, stands at 5.49%. This indicates that for every dollar of assets the company possesses, it generated approximately 5.49 cents in net income. Although the ROA has decreased slightly from the preceding quarter, it remains relatively stable.
Looking back over the past two years, the ROA has shown a general decreasing trend, starting at 9.69% in the fourth quarter of 2019 and gradually declining to the current 5.49% in the third quarter of 2024. This suggests that the company may be facing challenges in effectively utilizing its assets to generate profits.
It is essential for Sally Beauty Holdings to closely monitor and improve its asset management efficiency to enhance its profitability and overall financial performance in the future. A deeper analysis of the company's asset composition, operational efficiency, and profitability drivers may provide insights into potential areas for improvement.
Peer comparison
Sep 30, 2024