Honeywell International Inc (HON)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 5,658,000 | 4,966,000 | 5,542,000 | 4,779,000 | 6,143,000 |
| Total assets | US$ in thousands | 61,525,000 | 62,275,000 | 64,470,000 | 64,586,000 | 58,679,000 |
| ROA | 9.20% | 7.97% | 8.60% | 7.40% | 10.47% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $5,658,000K ÷ $61,525,000K
= 9.20%
Based on the provided data, Honeywell International Inc's return on assets (ROA) has exhibited fluctuations over the past five years. In 2023, the ROA was 9.20%, showing an improvement from the previous year's 7.97%. This suggests that the company was more efficient in generating profits from its assets in 2023. However, when compared to 2021's ROA of 8.60%, there was a slight decline in profitability efficiency.
The ROA of 7.40% in 2020 indicates a lower return on assets compared to the subsequent years, showcasing a potential period of lower efficiency in asset utilization. The notable peak in ROA of 10.47% in 2019 suggests a period of particularly strong asset utilization and profitability for the company.
Overall, Honeywell International Inc's ROA performance has varied year-over-year, with 2023 demonstrating a positive trend in asset efficiency compared to the prior year, but with fluctuations observed throughout the five-year period analyzed.
Peer comparison
Dec 31, 2023