HNI Corp (HNI)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 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 | 131,382 | 124,352 | 128,164 |
| Total assets | US$ in thousands | 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 | 1,470,480 | 1,442,110 | 1,423,400 |
| Operating ROA | 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% | 8.93% | 8.62% | 9.00% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $90,300K ÷ $1,928,800K
= 4.68%
HNI Corp's operating return on assets (operating ROA) has exhibited fluctuations over the past few quarters. The operating ROA ranged from a low of 4.10% in September 2023 to a high of 10.97% in December 2022.
The trend indicates that the company's ability to generate operating income from its assets has varied. The decrease in operating ROA from December 2022 to September 2023 could suggest challenges in efficiently utilizing assets to generate operating profits. However, the increase from September 2023 to December 2023 indicates a rebound in asset productivity.
Overall, HNI Corp's operating ROA performance has shown some volatility. It is important for the company to focus on optimizing asset utilization to enhance profitability in the future.