Honeywell International Inc (HON)
Return on assets (ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,705,000 | 5,683,000 | 5,784,000 | 5,727,000 | 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 |
| Total assets | US$ in thousands | 75,196,000 | 73,492,000 | 69,329,000 | 65,645,000 | 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 |
| ROA | 7.59% | 7.73% | 8.34% | 8.72% | 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% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,705,000K ÷ $75,196,000K
= 7.59%
Honeywell International Inc's return on assets (ROA) has shown some fluctuations over the past few years, with fluctuations ranging from a low of 7.28% in March 2021 to a high of 10.99% in March 2020. Generally, the ROA has been trending downwards, indicating a decrease in the company's ability to generate profits from its assets.
The ROA stood at 7.59% as of December 31, 2024, which is below the industry average. This suggests that the company is not effectively utilizing its assets to generate profits compared to its competitors. However, there was a slight increase in the ROA to 8.34% in June 30, 2024, followed by a decrease to 7.73% in September 30, 2024.
Management should closely monitor the ROA to ensure that the company is efficiently utilizing its assets to generate profits. Increasing the ROA can be achieved through improving operational efficiency, increasing revenue generation, and effectively managing costs. By focusing on enhancing the ROA, Honeywell International Inc can potentially improve its overall financial performance and create more value for its stakeholders.
Peer comparison
Dec 31, 2024
See also:
Honeywell International Inc Return on Assets (ROA) (Quarterly Data)