USANA Health Sciences Inc (USNA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 63,788 | 69,350 | 116,505 | 124,664 | 100,526 |
| Total assets | US$ in thousands | 632,757 | 596,549 | 577,740 | 640,887 | 516,934 |
| ROA | 10.08% | 11.63% | 20.17% | 19.45% | 19.45% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $63,788K ÷ $632,757K
= 10.08%
USANA Health Sciences Inc's return on assets (ROA) has shown a declining trend over the past five years. The company's ROA decreased from 19.45% in 2019 to 10.08% in 2023, indicating a significant drop in profitability generated from its assets. This downward trend suggests that the company may be facing challenges in efficiently utilizing its assets to generate profits. It is important for the company to closely monitor its asset management strategies and improve operational efficiency to potentially enhance its ROA in the future.