L3Harris Technologies Inc (LHX)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 1,503,000 | 1,487,000 | 1,411,000 | 1,426,000 | 5,903,000 | 3,350,000 | 2,277,000 | 1,217,000 | 829,000 | 2,515,000 | 2,446,000 | 2,444,000 | 1,323,000 | 651,000 | 2,000 | -606,000 | -3,688,000 | -1,745,000 | -152,000 | 1,316,000 |
| Total assets | US$ in thousands | 41,889,000 | 41,657,000 | 41,816,000 | 41,687,000 | 42,293,000 | 35,362,000 | 35,507,000 | 33,524,000 | 33,381,000 | 34,138,000 | 34,444,000 | 34,709,000 | 35,018,000 | 36,064,000 | 36,590,000 | 36,960,000 | 37,145,000 | 37,852,000 | 38,105,000 | 38,947,000 |
| Operating ROA | 3.59% | 3.57% | 3.37% | 3.42% | 13.96% | 9.47% | 6.41% | 3.63% | 2.48% | 7.37% | 7.10% | 7.04% | 3.78% | 1.81% | 0.01% | -1.64% | -9.93% | -4.61% | -0.40% | 3.38% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $1,503,000K ÷ $41,889,000K
= 3.59%
L3Harris Technologies Inc's operating return on assets (operating ROA) has shown some variability over the periods analyzed. The operating ROA ranged from a low of -9.93% in September 2019 to a high of 13.96% in September 2023.
In recent quarters, the operating ROA has been relatively stable, with values ranging from 3.37% to 3.59%. The recent trend suggests a consistent performance in generating operating income relative to the total assets employed in the business.
It is important to note the significant improvement in operating ROA from negative values in 2020 to positive values in 2021 and beyond. This could indicate enhanced operational efficiency and effectiveness in utilizing assets to generate operating income.
Overall, the analysis of L3Harris Technologies Inc's operating ROA indicates a mixed performance historically, but a more stable and positive trend in recent periods, showcasing potential improvements in the company's operational efficiency and asset utilization.
Peer comparison
Sep 30, 2024