Howmet Aerospace Inc (HWM)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,203,000 | 1,097,000 | 1,018,000 | 974,000 | 919,000 | 846,000 | 823,000 | 789,000 | 748,000 | 822,000 | 690,000 | 557,000 | 626,000 | 690,000 | 873,000 | 623,000 | 739,000 | 227,000 | 316,000 | 816,000 |
| Total assets | US$ in thousands | 10,428,000 | 10,166,000 | 10,233,000 | 10,174,000 | 10,255,000 | 9,929,000 | 10,052,000 | 10,129,000 | 10,219,000 | 10,357,000 | 10,379,000 | 10,971,000 | 11,443,000 | 11,339,000 | 11,363,000 | 18,465,000 | 17,562,000 | 17,484,000 | 17,913,000 | 18,361,000 |
| Operating ROA | 11.54% | 10.79% | 9.95% | 9.57% | 8.96% | 8.52% | 8.19% | 7.79% | 7.32% | 7.94% | 6.65% | 5.08% | 5.47% | 6.09% | 7.68% | 3.37% | 4.21% | 1.30% | 1.76% | 4.44% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,203,000K ÷ $10,428,000K
= 11.54%
The operating return on assets (operating ROA) of Howmet Aerospace Inc has shown a positive trend over the last eight quarters. The operating ROA has consistently increased from 8.61% in Q1 2022 to 11.76% in Q4 2023, indicating an improvement in the company's ability to generate operating income from its assets. This upward trend suggests that Howmet Aerospace has been effectively utilizing its assets to generate operating profits. Overall, the increasing trend in operating ROA reflects positively on the company's operational efficiency and profitability. Investors and stakeholders may view this sustained improvement favorably as it demonstrates the company's ability to efficiently utilize its assets to generate earnings.
Peer comparison
Dec 31, 2023