Hillenbrand Inc (HI)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 311,100 | 463,100 | 753,800 | 762,300 | 724,900 | 750,400 | 733,900 | 742,800 | 775,400 | 755,500 | 746,700 | 745,500 | 657,100 | 743,700 | 646,900 | 499,600 | 401,400 | 327,600 | 296,400 | 305,900 |
| Total assets | US$ in thousands | 5,238,700 | 5,271,500 | 5,570,500 | 5,584,900 | 5,547,700 | 4,733,800 | 4,830,500 | 4,885,900 | 3,867,500 | 3,893,700 | 4,065,000 | 3,994,600 | 4,014,900 | 4,037,400 | 3,917,100 | 4,015,300 | 3,987,400 | 4,029,900 | 4,190,700 | 4,420,700 |
| Operating ROA | 5.94% | 8.78% | 13.53% | 13.65% | 13.07% | 15.85% | 15.19% | 15.20% | 20.05% | 19.40% | 18.37% | 18.66% | 16.37% | 18.42% | 16.51% | 12.44% | 10.07% | 8.13% | 7.07% | 6.92% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $311,100K ÷ $5,238,700K
= 5.94%
The operating return on assets (operating ROA) for Hillenbrand Inc has shown fluctuations over the past few quarters. The trend indicates a general increase in operating ROA from the end of 2019 to the middle of 2024, with some minor fluctuations in between.
The operating ROA was relatively stable around 6-8% in 2019 and early 2020, but it started to increase significantly from mid-2020 to early 2021, reaching a high of 16.51%. The ratio then dipped slightly in late 2021 but recovered in the first half of 2022, surpassing 18%.
From mid-2022 to mid-2024, the operating ROA experienced further growth, peaking at 20.05% in the third quarter of 2022. However, there was a slight decline in the most recent quarter, dropping to 5.94%.
Overall, the upward trend in operating ROA indicates an improvement in the company's efficiency in generating profits from its assets. However, the recent decline in the ratio may warrant further investigation to understand the factors contributing to this decrease.
Peer comparison
Sep 30, 2024