L3Harris Technologies Inc (LHX)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,207,000 | 1,190,000 | 1,173,000 | 1,227,000 | 1,485,000 | 802,000 | 924,000 | 1,062,000 | 1,130,000 | 1,911,000 | 1,853,000 | 1,846,000 | 1,555,000 | 1,500,000 | 1,370,000 | 1,119,000 | 1,355,000 | 1,197,000 | 1,157,000 | 1,165,000 |
| 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 |
| ROA | 2.88% | 2.86% | 2.81% | 2.94% | 3.51% | 2.27% | 2.60% | 3.17% | 3.39% | 5.60% | 5.38% | 5.32% | 4.44% | 4.16% | 3.74% | 3.03% | 3.65% | 3.16% | 3.04% | 2.99% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,207,000K ÷ $41,889,000K
= 2.88%
The return on assets (ROA) of L3Harris Technologies Inc has shown fluctuations over the past few quarters. The ROA for the most recent quarter, ending September 30, 2024, was 2.88%, which is slightly higher compared to the previous quarter's 2.86%. However, this ROA is lower than the peaks seen in the quarters ending June 30, 2022 and March 31, 2022, where the ROA reached 5.60% and 5.38% respectively.
Overall, the ROA of L3Harris Technologies Inc has been relatively stable within the range of 2%-5% over the past few years. It is important to note that a higher ROA indicates that the company is generating more profit from its assets. The downward trend in ROA from the highs of 2022 suggests that the company may be facing challenges in efficiently utilizing its assets to generate profits. Further investigation into the company's asset management strategies and financial performance should be conducted to identify any underlying reasons for the fluctuations in ROA.
Peer comparison
Sep 30, 2024