HealthEquity Inc (HQY)
Return on assets (ROA)
| Jan 31, 2025 | Jan 31, 2024 | Jan 31, 2023 | Jan 31, 2022 | Jan 31, 2021 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 96,703 | 55,712 | -26,143 | -44,289 | 8,834 |
| Total assets | US$ in thousands | 3,448,550 | 3,163,790 | 3,088,900 | 3,107,100 | 2,710,410 |
| ROA | 2.80% | 1.76% | -0.85% | -1.43% | 0.33% |
January 31, 2025 calculation
ROA = Net income ÷ Total assets
= $96,703K ÷ $3,448,550K
= 2.80%
HealthEquity Inc's return on assets (ROA) has exhibited fluctuations over the years.
In January 2021, the company's ROA was 0.33%, indicating that it generated a profit of 0.33 cents for every dollar of assets it had. However, the following year, in January 2022, the ROA turned negative at -1.43%, suggesting that the company had incurred a loss in relation to its assets.
Subsequently, in January 2023, the ROA remained negative at -0.85%, indicating continued challenges in generating profits from its assets. However, in January 2024, HealthEquity Inc experienced a significant improvement in its ROA, reaching 1.76%, which suggests the company became more efficient in utilizing its assets to generate profits.
By January 2025, the company's ROA further improved to 2.80%, demonstrating a continued positive trend in effectively utilizing its assets to generate profits.
Overall, HealthEquity Inc's ROA performance has shown variability, with periods of both negative and positive returns. The recent upward trend in ROA indicates improved asset utilization and profitability, which could signify better financial health and management efficiency within the company.
Peer comparison
Jan 31, 2025