Honeywell International Inc (HON)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,658,000 | 5,414,000 | 5,452,000 | 5,226,000 | 4,966,000 | 5,375,000 | 5,080,000 | 5,249,000 | 5,542,000 | 5,473,000 | 4,974,000 | 4,625,000 | 4,779,000 | 4,982,000 | 5,848,000 | 6,308,000 | 6,143,000 | 6,302,000 | 7,016,000 | 6,742,000 |
| 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 |
| ROA | 9.20% | 8.83% | 8.75% | 8.73% | 7.97% | 8.92% | 8.16% | 8.29% | 8.60% | 8.53% | 7.78% | 7.28% | 7.40% | 7.85% | 9.19% | 10.99% | 10.47% | 10.49% | 12.15% | 11.51% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,658,000K ÷ $61,525,000K
= 9.20%
Honeywell International Inc's return on assets (ROA) has shown a generally increasing trend over the past eight quarters. In Q4 2023, the ROA reached 9.20%, indicating that the company generated approximately 9.20 cents of net income for every dollar of total assets. This represents an improvement compared to the previous quarter, where the ROA was at 8.83%.
The uptrend in ROA suggests that Honeywell International Inc has been effectively utilizing its assets to generate profits. A higher ROA implies efficient asset management and profitability. However, it is important to note that ROA can be influenced by various factors such as asset turnover, profit margins, and debt levels.
Overall, Honeywell International Inc's increasing ROA trend indicates that the company has been effectively optimizing its asset base to deliver strong returns to its investors. This metric reflects the company's ability to generate profits relative to its total assets and is a key indicator of its operational efficiency and financial performance.
Peer comparison
Dec 31, 2023
See also:
Honeywell International Inc Return on Assets (ROA) (Quarterly Data)