Keysight Technologies Inc (KEYS)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 969,000 | 1,057,000 | 1,130,000 | 1,180,000 | 1,155,000 | 1,124,000 | 1,107,000 | 1,023,000 | 951,000 | 894,000 | 829,000 | 751,000 | 636,000 | 627,000 | 605,000 | 588,000 | 670,000 | 621,000 | 312,000 | 274,000 |
| 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 |
| ROA | 10.70% | 12.17% | 12.80% | 13.55% | 13.67% | 13.88% | 14.10% | 13.18% | 12.31% | 11.49% | 10.62% | 9.77% | 8.49% | 8.69% | 8.45% | 8.70% | 9.79% | 9.38% | 4.91% | 4.43% |
January 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $969,000K ÷ $9,060,000K
= 10.70%
Keysight Technologies Inc's return on assets (ROA) has shown a general decreasing trend over the past quarters. From a high of 14.10% in Q3 2022, the ROA has steadily declined to 10.70% in Q1 2024. This indicates that the company's ability to generate profits from its assets has weakened over time.
A decreasing ROA may suggest inefficiencies in asset utilization or declining profitability relative to the size of the company's asset base. This could be a concern for investors and stakeholders as it may impact overall profitability and operational performance.
It is essential for the company to closely monitor and analyze the factors contributing to the decline in ROA and take appropriate actions to improve asset productivity and profitability to enhance shareholder value in the long run.
Peer comparison
Jan 31, 2024