Keysight Technologies Inc (KEYS)
Return on assets (ROA)
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 614,000 | 1,057,000 | 1,124,000 | 894,000 | 627,000 |
| Total assets | US$ in thousands | 9,269,000 | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 |
| ROA | 6.62% | 12.17% | 13.88% | 11.49% | 8.69% |
October 31, 2024 calculation
ROA = Net income ÷ Total assets
= $614,000K ÷ $9,269,000K
= 6.62%
The return on assets (ROA) of Keysight Technologies Inc has fluctuated over the past five years. In 2024, the ROA was 6.62%, showing a decline from the previous year's 12.17%. This decrease indicates that the company generated less profit relative to its total assets in 2024.
The highest ROA in the provided data was 13.88% in 2022, indicating that the company was able to generate a higher level of profit for each dollar of assets invested during that year. However, in 2023 and 2024, the ROA declined, possibly due to changes in the company's asset base or profitability.
Overall, the trend in ROA indicates that Keysight Technologies Inc has experienced variability in its efficiency in generating profits from its assets over the past five years. It is important for the company to analyze the factors influencing these fluctuations to maintain and improve its return on assets in the future.
Peer comparison
Oct 31, 2024