Huntington Ingalls Industries Inc (HII)
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 | 781,000 | 574,000 | 533,000 | 568,000 | 565,000 | 580,000 | 567,000 | 504,000 | 513,000 | 698,000 | 802,000 | 731,000 | 799,000 | 680,000 | 672,000 | 790,000 | 736,000 | 763,000 | 839,000 | 921,000 |
| Total assets | US$ in thousands | 11,215,000 | 10,621,000 | 10,859,000 | 10,849,000 | 10,857,000 | 10,615,000 | 10,586,000 | 10,557,000 | 10,627,000 | 10,400,000 | 8,132,000 | 8,214,000 | 8,157,000 | 8,445,000 | 8,233,000 | 7,615,000 | 7,031,000 | 7,184,000 | 7,230,000 | 7,000,000 |
| Operating ROA | 6.96% | 5.40% | 4.91% | 5.24% | 5.20% | 5.46% | 5.36% | 4.77% | 4.83% | 6.71% | 9.86% | 8.90% | 9.80% | 8.05% | 8.16% | 10.37% | 10.47% | 10.62% | 11.60% | 13.16% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $781,000K ÷ $11,215,000K
= 6.96%
Huntington Ingalls Industries Inc's operating return on assets (operating ROA) has shown fluctuation over the past eight quarters. The Q4 2023 operating ROA of 5.56% indicates an improvement compared to the previous quarter, Q3 2023, which had a lower operating ROA of 5.15%. However, this increase follows a downward trend from the peak in Q2 2023 at 4.62% to reach the current level.
Despite these fluctuations, the company has generally maintained a relatively stable operating ROA range between 4.41% and 5.56% over this period. This suggests that Huntington Ingalls Industries Inc has been able to efficiently generate operating profits relative to its total assets, with Q4 2023 reflecting a positive performance compared to the previous quarters.
Investors and stakeholders may continue to monitor the company's operational efficiency and profitability trends to assess its financial health and performance in the industry.
Peer comparison
Dec 31, 2023