HealthEquity Inc (HQY)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	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	77,006	79,045	88,109	84,808
Total assets	US$ in thousands	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	2,564,980	2,559,920	1,098,340	596,639
Operating ROA		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%	3.00%	3.09%	8.02%	14.21%

January 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $117,699K ÷ $3,163,790K
= 3.72%

HealthEquity Inc's operating return on assets (operating ROA) has shown fluctuating trends over the past several periods. The operating ROA has generally been positive, although there have been periods of negative performance.

In the most recent period, as of January 31, 2024, the operating ROA was 3.72%, indicating an increase from the previous quarter. This improvement suggests that the company has been able to generate more operating income relative to its assets, which is a positive sign for investors.

Looking back over the past few years, there has been a mix of positive and negative operating ROA figures. The trend seems to have been improving gradually since the negative performance seen in mid-2022, reaching a peak of 14.21% in April 2019.

Overall, the fluctuating nature of HealthEquity Inc's operating ROA indicates varying levels of efficiency in utilizing its assets to generate operating income. Investors may want to closely monitor future performance to assess the company's ability to sustain positive returns.