Hewlett Packard Enterprise Co (HPE)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,579,000 | 2,025,000 | 868,000 | 3,427,000 | -322,000 |
| Total assets | US$ in thousands | 71,262,000 | 57,153,000 | 57,123,000 | 57,699,000 | 54,015,000 |
| ROA | 3.62% | 3.54% | 1.52% | 5.94% | -0.60% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $2,579,000K ÷ $71,262,000K
= 3.62%
Hewlett Packard Enterprise Co's return on assets (ROA) has fluctuated over the past five years. In 2024, the ROA stood at 3.62%, showing a slight increase from 2023 when it was 3.54%. However, this is lower compared to the peak ROA of 5.94% in 2021. The company experienced a significant improvement in 2022 with an ROA of 1.52% following a negative figure of -0.60% in 2020.
Overall, the trend indicates some variability in the company's efficiency in generating earnings relative to its assets. It would be essential to delve deeper into the reasons behind these fluctuations to understand the underlying factors impacting Hewlett Packard Enterprise Co's profitability and asset utilization.
Peer comparison
Oct 31, 2024