Honeywell International Inc (HON)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,705,000 | 5,658,000 | 4,966,000 | 5,542,000 | 4,779,000 |
| Total assets | US$ in thousands | 1,365,000 | 61,525,000 | 62,275,000 | 64,470,000 | 64,586,000 |
| ROA | 417.95% | 9.20% | 7.97% | 8.60% | 7.40% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $5,705,000K ÷ $1,365,000K
= 417.95%
Based on the data provided for Honeywell International Inc, the return on assets (ROA) has shown some fluctuations over the years.
- As of December 31, 2020, the ROA was 7.40%, indicating that the company generated a return of 7.40% on its assets during that period.
- By December 31, 2021, the ROA had improved to 8.60%, suggesting a better utilization of assets to generate returns.
- The ROA slightly decreased to 7.97% by December 31, 2022, indicating a lower return on assets compared to the previous year.
- However, by December 31, 2023, there was a notable improvement in ROA to 9.20%, indicating that the company was more efficient in generating returns from its assets.
- Surprisingly, by December 31, 2024, the ROA spiked dramatically to 417.95%. Such a significant increase seems anomalous and may warrant further investigation to verify the data accuracy.
Overall, the trend in ROA for Honeywell International Inc suggests some variation in the efficiency of asset utilization, with notable improvements in certain years. However, outliers such as the exceptionally high ROA in 2024 should be carefully reviewed to ensure data integrity and consistency.
Peer comparison
Dec 31, 2024