USANA Health Sciences Inc (USNA)

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	63,788	59,817	63,399	65,264	69,350	76,875	89,276	108,353	116,505	135,814	138,990	128,733	124,664	115,789	109,505	102,906	100,526	102,103	108,921	121,450
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
ROA		10.08%	9.95%	10.52%	10.78%	11.63%	13.82%	16.00%	18.91%	20.17%	23.46%	23.50%	22.02%	19.45%	20.05%	21.38%	21.72%	19.45%	22.05%	20.46%	22.02%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $63,788K ÷ $632,757K
= 10.08%

The return on assets (ROA) for USANA Health Sciences Inc has shown fluctuations over the past five years, ranging from 9.95% to 23.50%. ROA measures a company's efficiency in generating profits from its assets, and a higher ROA indicates better utilization of assets to generate earnings.

USANA's ROA peaked at 23.50% in the third quarter of 2021, demonstrating strong profitability relative to its asset base. However, there has been a gradual decline since then, with the ROA decreasing to 10.08% in the most recent quarter of 2023.

The downward trend in ROA may suggest a potential decrease in the company's ability to generate profits relative to its assets, which could be a concern for investors. It is important for the company to closely monitor and optimize its asset management strategies to improve ROA and enhance overall financial performance.