Agilent Technologies Inc (A)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,289,000 | 1,240,000 | 1,254,000 | 1,210,000 | 719,000 |
| Total assets | US$ in thousands | 11,846,000 | 10,763,000 | 10,532,000 | 10,705,000 | 9,627,000 |
| ROA | 10.88% | 11.52% | 11.91% | 11.30% | 7.47% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $1,289,000K ÷ $11,846,000K
= 10.88%
Agilent Technologies Inc's return on assets (ROA) has shown a fluctuating trend over the past five years. The ROA was 7.47% in 2020 and increased to 11.30% in 2021 before further peaking at 11.91% in 2022. However, there was a slight decline in ROA to 11.52% in 2023 and a further decrease to 10.88% in 2024.
On average, Agilent has maintained a healthy ROA above 10% over the period, indicating efficient asset utilization to generate profits. This suggests a consistent ability to generate earnings relative to the assets employed in the business. It is important to monitor the trend of ROA over time to evaluate the company's performance in utilizing its assets effectively to create value for shareholders.
Peer comparison
Oct 31, 2024