HP Inc (HPQ)
Return on assets (ROA)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 2,775,000 | 2,843,000 | 2,969,000 | 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 |
| Total assets | US$ in thousands | 39,909,000 | 38,059,000 | 37,433,000 | 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 |
| ROA | 6.95% | 7.47% | 7.93% | 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% |
October 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $2,775,000K ÷ $39,909,000K
= 6.95%
Over the past few years, HP Inc's return on assets (ROA) has exhibited some fluctuations. The ROA measures how efficiently a company is utilizing its assets to generate profits.
From January 2020 to April 2021, HP Inc's ROA remained relatively stable, ranging between 8.20% and 11.46%. However, there was a notable increase in ROA from July 2021 to October 2022, with values reaching as high as 16.94% in January 2022. This could indicate improved asset efficiency and profitability during this period.
Subsequently, there was a slight decrease in ROA from October 2022 to January 2023, before witnessing a gradual increase from January 2023 to October 2024. The ROA peaked at 9.53% in January 2024 and then stabilized at around 7% to 8% in the following quarters.
Overall, HP Inc's ROA has shown variability over time, with some periods of significant improvement in asset utilization and profitability, while also experiencing fluctuations in performance. This highlights the importance of ongoing monitoring and analysis of ROA to assess the company's operational efficiency and financial health.
Peer comparison
Oct 31, 2024