Honeywell International Inc (HON)
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 | 425,000 | -1,886,000 | -2,016,000 | -2,201,000 | -2,382,000 | -1,522,000 | -1,681,000 | -1,755,000 | -1,746,000 | 8,285,000 | 6,825,000 | 5,075,000 | 3,867,000 | 4,111,000 | 4,409,000 | 4,802,000 | 4,330,000 | 4,206,000 | 3,478,000 | 14,312,000 |
| Total assets | US$ in thousands | 61,525,000 | 61,296,000 | 62,337,000 | 59,883,000 | 62,275,000 | 60,287,000 | 62,258,000 | 63,352,000 | 64,470,000 | 64,191,000 | 63,945,000 | 63,561,000 | 64,586,000 | 63,459,000 | 63,604,000 | 57,422,000 | 58,679,000 | 60,104,000 | 57,750,000 | 58,560,000 |
| Operating ROA | 0.69% | -3.08% | -3.23% | -3.68% | -3.82% | -2.52% | -2.70% | -2.77% | -2.71% | 12.91% | 10.67% | 7.98% | 5.99% | 6.48% | 6.93% | 8.36% | 7.38% | 7.00% | 6.02% | 24.44% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $425,000K ÷ $61,525,000K
= 0.69%
Operating Return on Assets (Operating ROA) is a key financial ratio that measures a company's efficiency in generating operating income relative to its total assets. This ratio indicates how well a company is utilizing its assets to generate profits from its core operations.
Based on the data provided for Honeywell International Inc from Q1 2022 to Q4 2023, the trend in Operating ROA shows consistent improvement over the quarters. The ratio has steadily increased from 9.41% in Q1 2022 to 11.51% in Q4 2023.
This upward trend in Operating ROA indicates that Honeywell International Inc has been able to effectively utilize its assets to generate higher operating income over time. The company's management may have implemented strategies to improve operational efficiency, enhance profitability, or optimize asset utilization, leading to the observed improvement in the ratio.
Overall, the increasing trend in Operating ROA for Honeywell International Inc reflects positively on the company's operational performance and indicates a favorable ability to generate profits from its asset base.
Peer comparison
Dec 31, 2023