USANA Health Sciences Inc (USNA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 93,071 | 91,403 | 96,426 | 101,392 | 107,614 | 116,568 | 134,708 | 159,062 | 170,192 | 191,225 | 195,810 | 181,676 | 176,491 | 168,524 | 158,627 | 150,198 | 146,190 | 150,187 | 160,243 | 180,228 |
| Total assets | US$ in thousands | 632,757 | 601,148 | 602,680 | 605,533 | 596,549 | 556,063 | 557,959 | 572,919 | 577,740 | 578,946 | 591,449 | 584,512 | 640,887 | 577,532 | 512,151 | 473,750 | 516,934 | 463,041 | 532,401 | 551,583 |
| Operating ROA | 14.71% | 15.20% | 16.00% | 16.74% | 18.04% | 20.96% | 24.14% | 27.76% | 29.46% | 33.03% | 33.11% | 31.08% | 27.54% | 29.18% | 30.97% | 31.70% | 28.28% | 32.43% | 30.10% | 32.67% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $93,071K ÷ $632,757K
= 14.71%
The operating return on assets (operating ROA) for USANA Health Sciences Inc has shown a decreasing trend over the past few quarters. From a high of 33.11% in June 2021, it steadily declined to 14.71% in December 2023. This indicates that the company's ability to generate operating income from its assets has weakened over time.
The peak operating ROA of 33.11% in June 2021 suggests that the company was efficient in generating operating income relative to its assets. However, the subsequent decline raises concerns about the company's operational efficiency and profitability.
It is important for USANA Health Sciences Inc to investigate the reasons behind this downward trend in operating ROA and take necessary measures to improve its operational efficiency, asset utilization, and profitability in order to enhance shareholder value and ensure sustainable growth.