Hillenbrand Inc (HI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 541,400 | 569,700 | 608,300 | 613,800 | 205,400 | 208,900 | 207,100 | 198,700 | 222,500 | 249,900 | 435,400 | 419,000 | 266,900 | 187,400 | 113,600 | 120,000 | 232,000 | 263,400 | 260,900 | 266,400 |
| 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 |
| ROA | 9.69% | 10.27% | 12.85% | 12.71% | 4.20% | 5.40% | 5.32% | 4.89% | 5.57% | 6.22% | 10.78% | 10.70% | 6.65% | 4.70% | 2.82% | 2.86% | 5.25% | 11.82% | 13.80% | 14.13% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $541,400K ÷ $5,584,900K
= 9.69%
Hillenbrand Inc's return on assets (ROA) has shown fluctuations over the past eight quarters, ranging from a low of 4.20% in Q1 2023 to a high of 12.85% in Q3 2023. The ROA trend seems to be improving since the first quarter of 2023 when it was at its lowest point. In the most recent quarter, Q1 2024, the ROA was 9.69%, slightly lower than in the previous quarter at 10.27%.
Overall, the ROA figures indicate that the company has been able to generate a positive return on its assets, with varying levels of efficiency. It is essential to monitor this ratio over time to assess the company's ability to effectively utilize its assets to generate profits for its shareholders.
Peer comparison
Dec 31, 2023