Honeywell International Inc (HON)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 7,213,000 | 7,084,000 | 6,793,000 | 7,578,000 | 6,371,000 |
| Total assets | US$ in thousands | 1,365,000 | 61,525,000 | 62,275,000 | 64,470,000 | 64,586,000 |
| Operating ROA | 528.42% | 11.51% | 10.91% | 11.75% | 9.86% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $7,213,000K ÷ $1,365,000K
= 528.42%
The trend in Honeywell International Inc's operating return on assets (ROA) over the years reveals varying performance levels. The operating ROA increased from 9.86% as of December 31, 2020, to 11.75% as of December 31, 2021, indicating an improvement in the company's ability to generate operating income from its assets. It experienced a slight dip in operating ROA to 10.91% as of December 31, 2022, but rebounded to 11.51% as of December 31, 2023.
However, there is a significant anomaly where the operating ROA spiked to an unusually high level of 528.42% as of December 31, 2024. Such a drastic increase is atypical and requires further investigation to understand the underlying reasons behind this outlier.
Overall, Honeywell International Inc's operating ROA demonstrates a generally positive trend, with fluctuations in certain periods that may warrant closer scrutiny to assess the company's operational efficiency and asset utilization.
Peer comparison
Dec 31, 2024