Agilent Technologies Inc (A)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,488,000 | 1,350,000 | 1,618,000 | 1,347,000 | 846,000 |
| Total assets | US$ in thousands | 11,846,000 | 10,763,000 | 10,532,000 | 10,705,000 | 9,627,000 |
| Operating ROA | 12.56% | 12.54% | 15.36% | 12.58% | 8.79% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,488,000K ÷ $11,846,000K
= 12.56%
Agilent Technologies Inc's operating return on assets (operating ROA) has shown a consistent performance over the past five years, ranging from 8.79% in 2020 to 15.36% in 2022. The operating ROA for the most recent year, ending October 31, 2024, stands at 12.56%, indicating the company's ability to generate profit from its operating activities relative to its total assets.
The trend of operating ROA indicates that Agilent has been effectively utilizing its assets to generate operating income. The relatively stable performance of operating ROA over the years suggests that the company has been maintaining efficiency in managing its operations and utilizing its assets effectively. This consistency in operating ROA reflects positively on the company's operational performance and profitability.
It is essential for Agilent Technologies Inc to monitor and sustain its operating ROA to ensure continued profitability and operational efficiency. By analyzing this key financial ratio over time, stakeholders can assess the company's ability to generate profits from its core operations and its efficiency in managing its assets.
Peer comparison
Oct 31, 2024