Keysight Technologies Inc (KEYS)
Return on assets (ROA)
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,057,000 | 1,124,000 | 894,000 | 627,000 | 621,000 |
| Total assets | US$ in thousands | 8,683,000 | 8,098,000 | 7,781,000 | 7,218,000 | 6,623,000 |
| ROA | 12.17% | 13.88% | 11.49% | 8.69% | 9.38% |
October 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,057,000K ÷ $8,683,000K
= 12.17%
To analyze Keysight Technologies Inc's return on assets (ROA) over the past five years, we can observe a fluctuating pattern. In Oct 31, 2019, the ROA was at 9.38%, and it increased to 13.88% in Oct 31, 2022, indicating a significant improvement in the company's ability to generate profit relative to its assets. However, in the subsequent years, there was a slight decline as the ROA decreased to 12.17% in Oct 31, 2023.
The ROA measures the efficiency of the company in utilizing its assets to generate earnings. Therefore, the fluctuating trend in Keysight Technologies Inc's ROA may suggest varying levels of efficiency in asset utilization over the years. It is important for investors and stakeholders to closely monitor the company's asset management strategies and profitability performance to understand the reasons behind these fluctuations and their potential impact on the company's overall financial health.
Peer comparison
Oct 31, 2023