Huntington Ingalls Industries Inc (HII)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 550,000 | 681,000 | 579,000 | 544,000 | 696,000 |
| Total assets | US$ in thousands | 12,141,000 | 11,215,000 | 10,857,000 | 10,627,000 | 8,157,000 |
| ROA | 4.53% | 6.07% | 5.33% | 5.12% | 8.53% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $550,000K ÷ $12,141,000K
= 4.53%
Based on the provided data, Huntington Ingalls Industries Inc's return on assets (ROA) has shown fluctuations over the years. In December 31, 2020, the ROA was 8.53%, indicating that the company generated 8.53 cents of profit for every dollar of assets it owns.
However, in the following years, the ROA experienced a decline. By December 31, 2021, the ROA dropped to 5.12%, suggesting a decrease in the efficiency of asset utilization compared to the previous year. The trend continued in December 31, 2022, with the ROA further decreasing to 5.33%.
There was a slight improvement in December 31, 2023, as the ROA increased to 6.07%, indicating better asset performance compared to the previous year. Yet, by December 31, 2024, the ROA decreased to 4.53%, showing a decline in profitability relative to the preceding year.
Overall, the trend in Huntington Ingalls Industries Inc's ROA suggests a mix of fluctuations and challenges in effectively utilizing its assets to generate profits. Management may need to closely monitor and address the factors influencing these fluctuations to enhance the company's financial performance.
Peer comparison
Dec 31, 2024