USANA Health Sciences Inc (USNA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 93,071 | 107,614 | 170,192 | 176,491 | 146,190 |
| Total assets | US$ in thousands | 632,757 | 596,549 | 577,740 | 640,887 | 516,934 |
| Operating ROA | 14.71% | 18.04% | 29.46% | 27.54% | 28.28% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $93,071K ÷ $632,757K
= 14.71%
USANA Health Sciences Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years. The ratio stood at 14.71% in 2023, experiencing a decline from the previous year's figure of 18.04%. However, it is important to note that the company's operating ROA in 2023 is still higher than the levels seen in 2020 and 2019, which were 27.54% and 28.28%, respectively.
The downward trend in the operating ROA from 2022 to 2023 may indicate potential challenges in generating operating profits relative to the assets employed in the business. Further analysis is required to assess the factors contributing to the decrease in operating ROA and to determine any underlying issues affecting the company's operational efficiency and profitability.
Overall, while the operating ROA of USANA Health Sciences Inc has varied in recent years, it is essential for stakeholders to closely monitor this metric to evaluate the company's performance in effectively utilizing its assets to generate operating income.