HP Inc (HPQ)
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 | 3,416,000 | 3,263,000 | 2,266,000 | 2,622,000 | 2,549,000 | 3,132,000 | 6,292,000 | 6,278,000 | 6,525,000 | 6,541,000 | 4,072,000 | 3,698,000 | 3,234,000 | 2,844,000 | 2,564,000 | 3,009,000 | 3,027,000 | 3,152,000 | 4,215,000 | 3,916,000 |
| Total assets | US$ in thousands | 35,846,000 | 37,004,000 | 36,632,000 | 36,366,000 | 36,148,000 | 38,494,000 | 39,247,000 | 39,901,000 | 38,912,000 | 38,610,000 | 35,523,000 | 34,549,000 | 34,737,000 | 34,681,000 | 34,244,000 | 33,773,000 | 31,656,000 | 33,467,000 | 32,405,000 | 31,946,000 |
| ROA | 9.53% | 8.82% | 6.19% | 7.21% | 7.05% | 8.14% | 16.03% | 15.73% | 16.77% | 16.94% | 11.46% | 10.70% | 9.31% | 8.20% | 7.49% | 8.91% | 9.56% | 9.42% | 13.01% | 12.26% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,416,000K ÷ $35,846,000K
= 9.53%
The return on assets (ROA) for HP Inc has fluctuated over the past eight quarters, ranging from a low of 6.33% in Q3 2023 to a high of 16.06% in Q3 2022. Generally, ROA measures the efficiency of a company in generating profits from its assets.
The decreasing trend from Q2 2023 to Q3 2023 may indicate a potential decrease in the company's ability to generate profits relative to its asset base during that period. However, the subsequent increase in Q4 2023 and Q1 2024 suggests an improvement in efficiency in these quarters.
The significant drop in ROA from Q3 2022 to Q3 2023 is notable and may require further investigation to identify the factors contributing to this decline. Overall, the company's ROA performance has shown variability, and it would be essential to monitor future quarters to assess the sustainability of the recent improvement.
Peer comparison
Jan 31, 2024