HNI Corp (HNI)
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 | 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 | 95,273 | 89,102 | 91,889 |
| 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 |
| ROA | 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% | 6.48% | 6.18% | 6.46% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $49,300K ÷ $1,928,800K
= 2.56%
HNI Corp's return on assets (ROA) has fluctuated over the past five years. The ROA ranged from a low of 2.13% in September 2023 to a high of 8.76% in December 2022. The ROA has generally shown a positive trend, increasing from lower levels in the third quarter of 2020 to higher levels in the first quarter of 2023.
The average ROA for the period analyzed is approximately 5.48%. The company's ability to generate profits from its assets has shown variation but has generally been positive, indicating efficient asset utilization to generate earnings. The significant increase in ROA in the first quarter of 2023 to 8.05% suggests improved profitability relative to the asset base during that period.
Overall, HNI Corp's ROA performance seems relatively stable over the period analyzed, showcasing effective management of assets in generating profits. However, it is important to monitor future trends in ROA to assess the company's ongoing operational efficiency and profitability.