Agilent Technologies Inc (A)

Return on assets (ROA)

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	1,236,000	1,240,000	1,133,000	1,351,000	1,323,000	1,254,000	1,328,000	1,263,000	1,205,000	1,210,000	990,000	925,000	810,000	719,000	691,000	683,000	764,000	1,071,000	1,113,000	1,127,000
Total assets	US$ in thousands	10,948,000	10,763,000	10,675,000	10,792,000	10,919,000	10,532,000	10,484,000	10,455,000	10,327,000	10,705,000	10,491,000	10,398,000	9,674,000	9,627,000	9,546,000	9,455,000	9,501,000	9,452,000	8,625,000	9,022,000
ROA		11.29%	11.52%	10.61%	12.52%	12.12%	11.91%	12.67%	12.08%	11.67%	11.30%	9.44%	8.90%	8.37%	7.47%	7.24%	7.22%	8.04%	11.33%	12.90%	12.49%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,236,000K ÷ $10,948,000K
= 11.29%

Agilent Technologies Inc. has maintained a relatively stable return on assets (ROA) over the past eight quarters, ranging from 10.61% to 12.67%. The ROA peaked at 12.67% in Q3 2022 but has shown slight fluctuations in subsequent quarters. Overall, the company demonstrates efficiency in generating profits relative to its total assets, indicating effective asset management and operational performance. However, a sustained ROA at or above 12% would signify stronger asset utilization and profitability in the long term.

Peer comparison

Jan 31, 2024

Company name

Symbol

ROA

Agilent Technologies Inc

11.29%