Hexcel Corporation (HXL)
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 | 215,300 | 208,200 | 205,400 | 207,900 | 175,200 | 157,700 | 139,700 | 92,100 | 51,800 | 8,400 | -52,000 | -61,800 | 14,100 | 131,900 | 279,400 | 388,100 | 425,200 | 423,600 | 410,200 | 391,600 |
| Total assets | US$ in thousands | 2,918,500 | 2,846,300 | 2,921,900 | 2,907,300 | 2,837,300 | 2,775,700 | 2,819,400 | 2,853,500 | 2,819,400 | 2,872,600 | 2,917,400 | 2,893,500 | 2,917,800 | 2,972,100 | 3,222,500 | 3,433,300 | 3,128,600 | 3,155,200 | 3,195,100 | 3,166,000 |
| Operating ROA | 7.38% | 7.31% | 7.03% | 7.15% | 6.17% | 5.68% | 4.95% | 3.23% | 1.84% | 0.29% | -1.78% | -2.14% | 0.48% | 4.44% | 8.67% | 11.30% | 13.59% | 13.43% | 12.84% | 12.37% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $215,300K ÷ $2,918,500K
= 7.38%
Operating return on assets (operating ROA) is a key financial metric that indicates the efficiency of Hexcel Corp. in generating profit from its assets used in operations. The trend analysis of Hexcel Corp.'s operating ROA over the past eight quarters shows a positive growth trajectory.
Starting from Q1 2022 at 3.30%, the operating ROA has steadily increased over the quarters, reaching 7.38% in Q4 2023. This indicates that the company has been able to enhance its operational profitability relative to its asset base over time.
The consistent upward trend in operating ROA shows that Hexcel Corp. has been effectively utilizing its assets to generate operating income. This can be attributed to various factors such as operational efficiency, cost control measures, and revenue growth strategies implemented by the company.
Overall, the improvement in operating ROA reflects positively on Hexcel Corp.'s operational performance and indicates a strong financial health in terms of generating returns from its operational assets.
Peer comparison
Dec 31, 2023