Hewlett Packard Enterprise Co (HPE)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,911,000 | 2,025,000 | 1,079,000 | 1,024,000 | 856,000 | 868,000 | 3,725,000 | 3,708,000 | 3,717,000 | 3,427,000 | 1,031,000 | 648,000 | -432,000 | -322,000 | 1,000 | -35,000 | 1,205,000 | 1,049,000 | 1,020,000 | 1,825,000 |
| 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 |
| ROA | 3.26% | 3.54% | 1.91% | 1.84% | 1.54% | 1.52% | 6.46% | 6.58% | 6.42% | 5.94% | 1.83% | 1.20% | -0.81% | -0.60% | 0.00% | -0.06% | 2.31% | 2.02% | 2.01% | 3.57% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,911,000K ÷ $58,602,000K
= 3.26%
Hewlett Packard Enterprise Co's return on assets (ROA) has shown fluctuating performance over the past eight quarters. The ROA for Q1 2024 stands at 3.26%, which is a slight decrease from the previous quarter's 3.54%. This suggests that the company's ability to generate profits from its assets has marginally decreased.
Comparing the current ROA to historical data, we observe a notable decrease from levels seen in Q3 and Q4 of 2022, where the ROA was significantly higher at 6.46% and 6.58%, respectively. This decline in ROA indicates a decrease in the company's efficiency in generating profits relative to its asset base compared to previous periods.
It is crucial for Hewlett Packard Enterprise Co to closely monitor and manage its asset utilization and profit generation strategies to improve its ROA in the future quarters. Analyzing the reasons behind the fluctuations in ROA and implementing effective strategies to enhance asset efficiency and profitability will be essential for the company to enhance its overall financial performance.
Peer comparison
Jan 31, 2024
See also:
Hewlett Packard Enterprise Co Return on Assets (ROA) (Quarterly Data)