Huntington Ingalls Industries Inc (HII)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 681,000 | 579,000 | 544,000 | 696,000 | 549,000 |
| Total assets | US$ in thousands | 11,215,000 | 10,857,000 | 10,627,000 | 8,157,000 | 7,031,000 |
| ROA | 6.07% | 5.33% | 5.12% | 8.53% | 7.81% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $681,000K ÷ $11,215,000K
= 6.07%
Huntington Ingalls Industries Inc's Return on Assets (ROA) has experienced fluctuations over the past five years. The company's ROA was 6.07% in 2023, an increase from 5.33% in 2022, but still lower than the 8.53% reported in 2020. The trend shows a slight improvement from 2021 to 2023, indicating better utilization of assets to generate profits. However, the ROA in 2023 is lower than the 2019 level of 7.81%.
Overall, the company's ROA performance suggests varying levels of efficiency in utilizing its assets to generate earnings over the years, with a recent uptick observed in 2023. Further analysis would be necessary to determine the specific factors driving these fluctuations and to assess the sustainability of the improving trend.
Peer comparison
Dec 31, 2023