Keysight Technologies Inc (KEYS)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 833,000 | 1,358,000 | 1,334,000 | 1,080,000 | 765,000 |
| Total assets | US$ in thousands | 9,269,000 | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 |
| Operating ROA | 8.99% | 15.64% | 16.47% | 13.88% | 10.60% |
October 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $833,000K ÷ $9,269,000K
= 8.99%
Keysight Technologies Inc's operating return on assets (ROA) has shown variability over the past five years. In 2024, the operating ROA was 8.99%, representing a decrease from the prior year's figure of 15.64%. This decline could suggest a decrease in the company's operating efficiency compared to the previous year.
Looking back further, in 2023, Keysight's operating ROA was 15.64%, indicating a strong performance in generating operating profits relative to its asset base. This was a slight decrease from the 16.47% reported in 2022, where the company achieved a higher level of operating efficiency.
In 2021, Keysight's operating ROA was 13.88%, demonstrating a positive trend compared to the 10.60% in 2020. This improvement may suggest enhanced operational effectiveness and utilization of assets to generate operating income.
Overall, while there have been fluctuations in Keysight Technologies Inc's operating ROA over the years, the company has generally maintained a moderate to strong performance in terms of generating operating profits relative to its asset base. Continued monitoring of this ratio will be essential to assess the company's operating efficiency and effectiveness in utilizing its assets to drive profitability in the future.
Peer comparison
Oct 31, 2024