Hillenbrand Inc (HI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -211,000 | -207,400 | 84,800 | 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 |
| 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 |
| ROA | -4.03% | -3.93% | 1.52% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $-211,000K ÷ $5,238,700K
= -4.03%
Return on assets (ROA) is a key financial metric that measures a company's ability to generate profit from its assets. A higher ROA indicates better asset utilization and efficiency in generating profits.
Analyzing Hillenbrand Inc's ROA over the past few quarters, we observe fluctuations in performance. The ROA values range from -4.03% to 12.85% over the analyzed periods.
In the most recent quarter, the ROA stands at -4.03%, indicating a negative return on assets. This suggests that the company may be experiencing challenges in generating profits relative to its asset base. In contrast, the highest ROA of 12.85% was recorded in the third quarter of 2023, indicating strong profitability relative to the company's assets at that time.
Overall, the trend in Hillenbrand Inc's ROA shows variability with some periods of strong performance and others with weaker results. It is essential for investors and stakeholders to monitor these fluctuations over time to assess the company's financial health and efficiency in utilizing its assets to generate profits.
Peer comparison
Sep 30, 2024