HNI Corp (HNI)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 126,200 | 125,700 | 65,400 | 49,300 | 42,900 | 68,200 | 111,300 | 123,900 | 115,800 | 71,900 | 59,000 | 59,819 | 74,170 | 85,658 | 80,814 | 41,900 | 66,944 | 82,334 | 85,588 | 110,505 |
| 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 |
| ROA | 6.73% | 6.57% | 3.42% | 2.56% | 2.13% | 3.29% | 8.05% | 8.76% | 7.73% | 4.53% | 3.87% | 3.99% | 4.83% | 5.80% | 5.75% | 2.95% | 4.87% | 6.26% | 6.25% | 7.61% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $126,200K ÷ $1,875,100K
= 6.73%
The return on assets (ROA) for HNI Corp has varied over the reported periods. Historically, the ROA has shown a declining trend from around 7.61% in December 2019 to a low of 2.56% in December 2023. However, there has been a notable improvement in recent periods, with the ROA increasing to 6.73% by December 2024. This improvement suggests that the company may be effectively utilizing its assets to generate profits. It is important for investors and stakeholders to monitor the ROA trend over time to assess the company's efficiency in generating profits relative to its assets.