Keysight Technologies Inc (KEYS)
Operating return on assets (Operating ROA)
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 833,000 | 920,000 | 1,080,000 | 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 |
| Total assets | US$ in thousands | 9,269,000 | 9,323,000 | 8,988,000 | 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 |
| Operating ROA | 8.99% | 9.87% | 12.02% | 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% |
October 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $833,000K ÷ $9,269,000K
= 8.99%
Operating return on assets (ROA) measures a company's efficiency in generating operating income relative to its total assets. Keysight Technologies Inc's operating ROA has shown a fluctuating trend over the past several periods. From January 2020 until July 2020, the operating ROA ranged between 10.33% and 11.59%. However, starting from October 2020, there was an increase in operating ROA, reaching a peak of 16.61% in October 2022. Subsequently, there was a slight decrease in operating ROA before a rise to 16.21% in April 2023.
The company's operating ROA then continued to decline gradually, reaching a low of 8.99% in October 2024. This decrease in operating ROA may indicate challenges in efficiently utilizing assets to generate operating income during the specified period. Despite the fluctuations, Keysight Technologies Inc generally maintained a double-digit operating ROA between January 2020 and October 2024, demonstrating a decent performance in utilizing assets to generate operating profits, with some variability in efficiency over time. Further analysis of the company's operational strategies and asset management practices may be needed to understand the factors contributing to these fluctuations in operating ROA.
Peer comparison
Oct 31, 2024