Hillenbrand Inc (HI)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -211,000 | 569,700 | 208,900 | 249,900 | -60,100 |
| Total assets | US$ in thousands | 5,238,700 | 5,547,700 | 3,867,500 | 4,014,900 | 3,987,400 |
| ROA | -4.03% | 10.27% | 5.40% | 6.22% | -1.51% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $-211,000K ÷ $5,238,700K
= -4.03%
The return on assets (ROA) for Hillenbrand Inc has fluctuated over the past five years. In 2024, the ROA was negative at -4.03%, a decrease from the previous year's ROA of 10.27%. This negative ROA indicates that the company's net income generated from its assets was insufficient to cover the total assets.
In 2023, the ROA was relatively high at 10.27%, showcasing efficient asset utilization to generate earnings. The ROA decreased in 2022 to 5.40% but remained above the industry average, indicating a moderate level of profitability relative to the company's asset base.
The following year, in 2021, the ROA increased slightly to 6.22%, reflecting improved asset management efficiency. However, in 2020, the ROA was negative at -1.51%, suggesting that the company experienced a decrease in profitability relative to its asset base.
Overall, the fluctuation in Hillenbrand Inc's ROA over the years signifies varying levels of profitability and asset management efficiency within the company. It is essential for investors and stakeholders to monitor these trends to assess the company's ability to generate profits from its asset base effectively.
Peer comparison
Sep 30, 2024