Hewlett Packard Enterprise Co (HPE)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,190,000 | 2,089,000 | 782,000 | 1,132,000 | -329,000 |
| Total assets | US$ in thousands | 71,262,000 | 57,153,000 | 57,123,000 | 57,699,000 | 54,015,000 |
| Operating ROA | 3.07% | 3.66% | 1.37% | 1.96% | -0.61% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $2,190,000K ÷ $71,262,000K
= 3.07%
Hewlett Packard Enterprise Co's operating return on assets (operating ROA) has shown fluctuating performance over the past five years. The operating ROA for the fiscal year ending October 31, 2024, was at 3.07%, reflecting a slight decrease from the prior year. The year 2023 witnessed a higher operating ROA of 3.66%, indicating a more profitable use of assets.
In the fiscal year ending October 31, 2022, the operating ROA dropped to 1.37%, which was a significant decline compared to the previous year. However, in the fiscal year ending October 31, 2021, there was a slight improvement with an operating ROA of 1.96%.
The most notable improvement in operating ROA was seen in the fiscal year ending October 31, 2020, where the company turned a negative figure from the previous year to a positive operating ROA of -0.61%.
Overall, while the operating ROA of Hewlett Packard Enterprise Co has shown variability in recent years, it is essential to further investigate the underlying factors influencing these fluctuations to assess the company's operational efficiency and asset utilization.
Peer comparison
Oct 31, 2024