Hologic Inc (HOLX)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 882,600 | 668,400 | 1,640,200 | 2,480,300 | 1,105,000 |
| Total assets | US$ in thousands | 9,156,000 | 9,139,300 | 9,071,200 | 8,919,900 | 7,195,800 |
| Operating ROA | 9.64% | 7.31% | 18.08% | 27.81% | 15.36% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $882,600K ÷ $9,156,000K
= 9.64%
Hologic Inc's operating return on assets (ROA) has shown fluctuating performance over the past five years, with values ranging from 7.31% in 2023 to 27.81% in 2021. In fiscal year 2024, the operating ROA stood at 9.64%, showing a slight improvement compared to the previous year but remained below the highs seen in 2021. The downward trend from 2021 to 2023 may indicate a period of lower efficiency in utilizing assets to generate operating income.
It is essential for the company to assess the reasons behind these fluctuations in operating ROA and determine strategies to consistently improve asset utilization and profitability. Close monitoring of operating efficiencies, cost management, revenue generation, and overall operational performance will be crucial for Hologic Inc to enhance its operating ROA in the future.
Peer comparison
Sep 30, 2024