Hillenbrand Inc (HI)
Operating return on assets (Operating ROA)
| 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 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 347,800 | 345,300 | 353,000 |
| Total assets | US$ in thousands | 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 | 2,228,600 | 1,890,600 | 1,885,500 |
| Operating ROA | 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% | 15.61% | 18.26% | 18.72% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $762,300K ÷ $5,584,900K
= 13.65%
Based on the provided data on Hillenbrand Inc's operating return on assets (operating ROA), we can see fluctuations in the ratio over the last eight quarters. The operating ROA for Q1 2024 was 5.60%, a slight increase from the previous quarter's 5.31%. However, compared to the same quarter in the prior year, there has been a noticeable decline from 6.81% in Q1 2023.
Overall, the trend in operating ROA seems to have been on a downward trajectory since Q1 2023. The company experienced its highest operating ROA in Q1 and Q4 of 2022, at 9.79% and 9.75% respectively. Thereafter, the ratio has been gradually decreasing.
This decreasing trend in operating ROA may indicate potential inefficiencies in the company's operations or declining profitability relative to its assets. It is essential for stakeholders to closely monitor these ratios and assess the underlying factors influencing the company's performance to make informed decisions regarding investment and strategic planning.
Peer comparison
Dec 31, 2023