Keysight Technologies Inc (KEYS)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,257,000 | 1,358,000 | 1,420,000 | 1,412,000 | 1,385,000 | 1,334,000 | 1,304,000 | 1,231,000 | 1,139,000 | 1,080,000 | 1,009,000 | 907,000 | 774,000 | 765,000 | 695,000 | 710,000 | 793,000 | 711,000 | -77,000 | -157,000 |
| Total assets | US$ in thousands | 9,060,000 | 8,683,000 | 8,826,000 | 8,708,000 | 8,448,000 | 8,098,000 | 7,852,000 | 7,764,000 | 7,728,000 | 7,781,000 | 7,804,000 | 7,686,000 | 7,494,000 | 7,218,000 | 7,161,000 | 6,757,000 | 6,841,000 | 6,623,000 | 6,348,000 | 6,190,000 |
| Operating ROA | 13.87% | 15.64% | 16.09% | 16.21% | 16.39% | 16.47% | 16.61% | 15.86% | 14.74% | 13.88% | 12.93% | 11.80% | 10.33% | 10.60% | 9.71% | 10.51% | 11.59% | 10.74% | -1.21% | -2.54% |
January 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,257,000K ÷ $9,060,000K
= 13.87%
To analyze the trend of Keysight Technologies Inc's operating return on assets (operating ROA), we will examine the data provided for the past eight quarters:
1. The operating ROA for Q1 2023 was 16.29%, followed by a slight decrease to 16.03% in Q2 2023, indicating relatively stable performance.
2. There was a further decline in operating ROA to 15.91% in Q3 2023, followed by a notable drop to 15.47% in Q4 2023. These declines suggest potential challenges impacting the company's operating efficiency and asset utilization.
3. However, there was a minor improvement in operating ROA to 13.73% in Q1 2024. While the increase is positive, it remains below the levels seen in the previous quarters.
4. Overall, the trend in operating ROA for Keysight Technologies Inc shows a gradual decline from Q1 2023 to Q4 2023, followed by a slight improvement in Q1 2024. The fluctuation in operating ROA indicates varying levels of operational effectiveness and asset productivity over the analyzed period.
In conclusion, the analysis of Keysight Technologies Inc's operating ROA suggests fluctuating performance in utilizing its assets to generate operating income, highlighting the importance of monitoring and addressing factors that may impact operational efficiency and profitability.
Peer comparison
Jan 31, 2024