HealthEquity Inc (HQY)

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	55,712	29,139	12,825	-8,410	-26,143	-58,752	-62,149	-55,313	-44,289	-6,104	723	4,393	8,834	3,277	-19,846	-332	39,664	52,973	89,993	93,144
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
ROA		1.76%	0.94%	0.42%	-0.28%	-0.85%	-1.92%	-2.02%	-1.80%	-1.43%	-0.20%	0.02%	0.14%	0.33%	0.12%	-0.74%	-0.01%	1.55%	2.07%	8.19%	15.61%

January 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $55,712K ÷ $3,163,790K
= 1.76%

HealthEquity Inc's return on assets (ROA) has varied over the past 20 quarters. The ROA has ranged from a low of -2.02% (Jul 31, 2022) to a high of 15.61% (Apr 30, 2019). The company experienced negative ROA figures in several periods, indicating inefficiencies in asset utilization. However, there have been positive ROA values as well, particularly in the earlier periods, showing periods of strong asset performance. Overall, the trend in recent quarters seems to be improving, with the ROA consistently increasing from negative figures towards positive levels. This suggests that HealthEquity Inc has been making progress in generating profits from its assets, which is a positive sign for investors and stakeholders.