HealthEquity Inc (HQY)
Operating return on assets (Operating ROA)
| Jan 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 162,334 | 159,071 | 170,337 | 136,148 | 117,699 | 92,028 | 66,679 | 39,527 | 9,057 | -31,409 | -37,317 | -35,780 | -24,238 | 1,425 | 13,293 | 23,196 | 34,014 | 50,143 | 48,563 | 64,399 |
| Total assets | US$ in thousands | 3,448,550 | 3,488,350 | 3,514,470 | 3,246,480 | 3,163,790 | 3,093,500 | 3,066,460 | 3,035,010 | 3,088,900 | 3,064,760 | 3,074,020 | 3,065,070 | 3,107,100 | 3,099,610 | 3,148,630 | 3,161,870 | 2,710,410 | 2,657,260 | 2,664,380 | 2,562,480 |
| Operating ROA | 4.71% | 4.56% | 4.85% | 4.19% | 3.72% | 2.97% | 2.17% | 1.30% | 0.29% | -1.02% | -1.21% | -1.17% | -0.78% | 0.05% | 0.42% | 0.73% | 1.25% | 1.89% | 1.82% | 2.51% |
January 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $162,334K ÷ $3,448,550K
= 4.71%
HealthEquity Inc's operating return on assets (operating ROA) has shown fluctuations over the data period from April 30, 2020, to January 31, 2025. The operating ROA started at 2.51% in April 2020, declining gradually to a low of -1.21% in July 2022. Subsequently, there was a notable improvement, with the operating ROA turning positive again in January 2023. The company's operating ROA then increased steadily, reaching its peak at 4.85% in July 2024, before slightly declining to 4.56% by October 31, 2024. In the most recent period ending January 31, 2025, HealthEquity Inc's operating ROA stood at 4.71%.
Overall, the trend indicates that HealthEquity Inc has demonstrated resilience and improved efficiency in generating profits relative to its assets, as reflected in the increasing operating ROA figures in recent periods. This positive trend may suggest effective management of assets and operational performance, contributing to the company's overall financial health. However, the company should continue to monitor and sustain these improvements to ensure continued profitability and value creation for its stakeholders.
Peer comparison
Jan 31, 2025