Huntington Ingalls Industries Inc (HII)
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 | 681,000 | 530,000 | 520,000 | 568,000 | 579,000 | 576,000 | 585,000 | 536,000 | 544,000 | 673,000 | 748,000 | 672,000 | 696,000 | 596,000 | 528,000 | 603,000 | 549,000 | 612,000 | 687,000 | 798,000 |
| 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 |
| ROA | 6.07% | 4.99% | 4.79% | 5.24% | 5.33% | 5.43% | 5.53% | 5.08% | 5.12% | 6.47% | 9.20% | 8.18% | 8.53% | 7.06% | 6.41% | 7.92% | 7.81% | 8.52% | 9.50% | 11.40% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $681,000K ÷ $11,215,000K
= 6.07%
Based on the ROA data provided, Huntington Ingalls Industries Inc has shown fluctuating performance in generating profits relative to its total assets over the past eight quarters. The company's ROA ranged from 4.79% to 6.07% during this period. The highest ROA was recorded in Q4 2023 at 6.07%, indicating efficient management in utilizing its assets to generate profits. However, in Q2 2023, the ROA dropped to 4.79%, reflecting a potential decrease in profitability relative to its asset base. Overall, the company maintained a relatively stable ROA range between 4.79% and 6.07%, which suggests that Huntington Ingalls Industries Inc has been able to effectively generate profits from its assets, albeit with some variability in performance from quarter to quarter.
Peer comparison
Dec 31, 2023