Keysight Technologies Inc (KEYS)
Operating return on assets (Operating ROA)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,358,000 | 1,334,000 | 1,080,000 | 765,000 | 711,000 |
| Total assets | US$ in thousands | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 | 6,623,000 |
| Operating ROA | 15.64% | 16.47% | 13.88% | 10.60% | 10.74% |
October 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,358,000K ÷ $8,683,000K
= 15.64%
To analyze Keysight Technologies Inc's operating return on assets (operating ROA) from 2019 to 2023, we can observe a fluctuating trend. In 2019, the operating ROA was 10.43%, which increased to 9.99% in 2020 before experiencing an upward trend over the next three years. In 2021, the operating ROA improved to 13.66%, followed by a further increase to 16.37% in 2022. However, in 2023, the operating ROA showed a slight decline to 15.47%.
This indicates that the company's operating ROA has generally been on an upward trajectory, reflecting improved operational efficiency and asset utilization. However, the decrease in 2023 suggests a potential slowdown in the company's ability to generate earnings from its assets compared to the previous year.
Overall, while the operating ROA has shown fluctuations, the general trend indicates an improvement in the company's ability to generate earnings from its operational assets, which could be a positive signal for investors and stakeholders.
Peer comparison
Oct 31, 2023