Hillenbrand Inc (HI)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 311,500 | 725,600 | 775,400 | 751,400 | 275,100 |
| Total assets | US$ in thousands | 5,238,700 | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 |
| Operating ROA | 5.95% | 13.08% | 20.05% | 18.72% | 6.90% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $311,500K ÷ $5,238,700K
= 5.95%
The operating return on assets (operating ROA) for Hillenbrand Inc has shown fluctuations over the past five years. In 2020, the operating ROA was 6.90%, which then increased significantly to 18.72% in 2021. However, in 2022, there was another notable increase to 20.05%, indicating a strong performance in utilizing assets to generate operating profits.
In the following years, there was a decline in the operating ROA, first dropping to 13.08% in 2023 and further decreasing to 5.95% in 2024. These decreases suggest a potential decline in operational efficiency in utilizing assets to generate operating income.
Overall, the trend in the operating ROA for Hillenbrand Inc indicates fluctuations in the efficiency of utilizing assets to generate operating profits over the five-year period, with notable increases followed by declines in subsequent years. Further analysis of the company's operations and asset management strategies may provide insights into these fluctuations.
Peer comparison
Sep 30, 2024