Hewlett Packard Enterprise Co (HPE)
Operating return on assets (Operating ROA)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,089,000 | 782,000 | 1,132,000 | -329,000 | 1,274,000 |
| Total assets | US$ in thousands | 57,153,000 | 57,123,000 | 57,699,000 | 54,015,000 | 51,803,000 |
| Operating ROA | 3.66% | 1.37% | 1.96% | -0.61% | 2.46% |
October 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $2,089,000K ÷ $57,153,000K
= 3.66%
Hewlett Packard Enterprise Co's operating return on assets (operating ROA) has shown a fluctuating trend over the past five years. The ratio increased from 2.95% in 2020 to 4.78% in 2019, but then declined to 3.66% in 2021. It further improved to 3.90% in 2022 and reached 4.27% in 2023. This indicates a recent positive performance, although it remains below the 2019 level.
The company's ability to generate operating income from its assets has shown inconsistency, which may be attributed to changes in the company's operating efficiency, asset utilization, or operating income. Further analysis of the underlying factors driving these fluctuations is recommended to gain a deeper understanding of the company's financial performance.
Peer comparison
Oct 31, 2023