HNI Corp (HNI)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 183,900 | 186,100 | 113,600 | 90,300 | 82,600 | 107,700 | 141,200 | 155,200 | 144,100 | 88,400 | 83,200 | 85,400 | 105,024 | 117,586 | 107,728 | 61,400 | 93,637 | 115,531 | 123,937 | 151,342 |
| Total assets | US$ in thousands | 1,875,100 | 1,913,400 | 1,912,600 | 1,928,800 | 2,017,000 | 2,075,600 | 1,382,800 | 1,414,500 | 1,498,600 | 1,586,700 | 1,525,000 | 1,497,900 | 1,534,370 | 1,477,190 | 1,405,580 | 1,418,000 | 1,374,720 | 1,315,360 | 1,369,900 | 1,452,510 |
| Operating ROA | 9.81% | 9.73% | 5.94% | 4.68% | 4.10% | 5.19% | 10.21% | 10.97% | 9.62% | 5.57% | 5.46% | 5.70% | 6.84% | 7.96% | 7.66% | 4.33% | 6.81% | 8.78% | 9.05% | 10.42% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $183,900K ÷ $1,875,100K
= 9.81%
HNI Corp's operating return on assets (operating ROA) has fluctuated over the period under review. The company's operating ROA stood at 10.42% as of December 31, 2019, indicating that the company generated $10.42 in operating income for every $100 of assets.
Subsequently, the operating ROA declined to 4.33% by December 31, 2020, signaling a decrease in operating efficiency or profitability. However, the metric experienced an uptrend in the following periods, reaching 10.97% by December 31, 2022. This sharp increase suggests an improvement in the company's ability to generate operating income relative to its assets.
Thereafter, the operating ROA demonstrated volatility, with fluctuations observed in the subsequent quarters. Notably, there was a notable decline to 4.10% by September 30, 2023, before rebounding to 9.81% by December 31, 2024.
Overall, the trend in HNI Corp's operating ROA indicates varying levels of efficiency in utilizing its assets to generate operating income. Investors and analysts may consider these fluctuations when assessing the company's operational performance and financial health.