Hillenbrand Inc (HI)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 725,600 | 775,400 | 751,400 | 275,100 | 243,300 |
| Total assets | US$ in thousands | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 | 2,228,600 |
| Operating ROA | 13.08% | 20.05% | 18.72% | 6.90% | 10.92% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $725,600K ÷ $5,547,700K
= 13.08%
Based on the data provided, Hillenbrand Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past five years. In Sep 30, 2023, the operating ROA stood at 5.31%, lower than the figures in the preceding two years. This represents a decrease from the 9.79% in Sep 30, 2022, and 9.35% in Sep 30, 2021. Additionally, the operating ROA in Sep 30, 2023, is notably lower than the 9.46% reported in Sep 30, 2019, indicating a downward trend over the period. The company's lower operating ROA in the recent period compared to previous years may suggest declining operating efficiency in generating profits from its assets. Further analysis is needed to understand the factors driving this trend.
Peer comparison
Sep 30, 2023