L3Harris Technologies Inc (LHX)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,426,000 | 1,127,000 | 2,774,000 | 2,162,000 | 1,446,000 |
| Total assets | US$ in thousands | 41,687,000 | 33,524,000 | 34,709,000 | 36,960,000 | 10,117,000 |
| Operating ROA | 3.42% | 3.36% | 7.99% | 5.85% | 14.29% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $1,426,000K ÷ $41,687,000K
= 3.42%
L3Harris Technologies Inc's operating return on assets (operating ROA) has fluctuated over the past five years, ranging from 3.42% as of December 31, 2023, to 14.29% as of June 30, 2019. The trend shows a decline in operating ROA from 14.29% in 2019 to 3.42% in 2023. This decrease may indicate potential challenges or inefficiencies in the company's operations or asset utilization in recent years. Further analysis of the company's financial performance, operational strategies, and efficiency metrics may be necessary to understand the factors contributing to this trend and to identify areas for improvement.
Peer comparison
Dec 31, 2023