Hewlett Packard Enterprise Co (HPE)
Operating return on assets (Operating ROA)
| Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | Oct 31, 2019 | Jul 31, 2019 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 2,023,000 | 2,089,000 | 1,243,000 | 1,238,000 | 925,000 | 782,000 | 1,471,000 | 1,287,000 | 1,358,000 | 1,132,000 | 927,000 | 657,000 | -455,000 | -329,000 | -14,000 | -102,000 | 1,166,000 | 1,274,000 | 1,304,000 | 1,746,000 |
| Total assets | US$ in thousands | 58,602,000 | 57,153,000 | 56,415,000 | 55,549,000 | 55,591,000 | 57,123,000 | 57,675,000 | 56,324,000 | 57,873,000 | 57,699,000 | 56,437,000 | 54,132,000 | 53,451,000 | 54,015,000 | 58,239,000 | 54,515,000 | 52,244,000 | 51,803,000 | 50,760,000 | 51,140,000 |
| Operating ROA | 3.45% | 3.66% | 2.20% | 2.23% | 1.66% | 1.37% | 2.55% | 2.28% | 2.35% | 1.96% | 1.64% | 1.21% | -0.85% | -0.61% | -0.02% | -0.19% | 2.23% | 2.46% | 2.57% | 3.41% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,023,000K ÷ $58,602,000K
= 3.45%
Hewlett Packard Enterprise Co's operating return on assets (operating ROA) has shown fluctuations over the past eight quarters. The trend indicates that the company's efficiency in generating operating income from its assets has been somewhat volatile.
In Q2 2023, the operating ROA peaked at 4.74%, reflecting a period of relatively strong performance. This was followed by a slight decrease in subsequent quarters, with Q1 2024 reporting an operating ROA of 3.97%. While there was some variability, the operating ROA generally remained within the range of 3.48% to 4.74% over the period analyzed.
Overall, Hewlett Packard Enterprise Co's operating ROA performance suggests that the company has been able to effectively utilize its assets to generate operating income, although there may be room for improvement in enhancing efficiency and profitability in the future. It is important for investors and stakeholders to monitor these trends to assess the company's financial health and operational effectiveness.
Peer comparison
Jan 31, 2024