HNI Corp (HNI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 206,500 | 90,300 | 155,200 | 85,400 | 61,400 |
| Total assets | US$ in thousands | 1,875,100 | 1,928,800 | 1,414,500 | 1,497,900 | 1,418,000 |
| Operating ROA | 11.01% | 4.68% | 10.97% | 5.70% | 4.33% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $206,500K ÷ $1,875,100K
= 11.01%
Based on the data provided, the operating return on assets (operating ROA) for HNI Corp has shown varying performance over the past five years.
At the end of December 31, 2020, the operating ROA was 4.33%, indicating that for each dollar of assets, the company generated 4.33 cents in operating income.
Subsequently, by December 31, 2021, the operating ROA improved to 5.70%, suggesting a more efficient utilization of assets to generate operating profits.
The trend continued to show a significant increase by December 31, 2022, where the operating ROA surged to 10.97%, reflecting a substantial improvement in operational efficiency and profitability.
However, in the following year by December 31, 2023, the operating ROA decreased to 4.68%, indicating a potential decline in the company's ability to generate operating income from its assets.
The most recent data point, as of December 31, 2024, shows a notable recovery with the operating ROA rising to 11.01%, signifying a strong performance in efficiently utilizing assets to generate operating profits.
Overall, the fluctuating trend in operating ROA suggests that HNI Corp has experienced varying levels of operational efficiency and profitability over the past five years, with notable improvements in some years and potential challenges in others.