L3Harris Technologies Inc (LHX)

Return on assets (ROA)

		Dec 31, 2024	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
Net income (ttm)	US$ in thousands	1,502,000	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	1,319,000	1,322,000	1,307,000
Total assets	US$ in thousands	42,001,000	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
ROA		3.58%	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%	3.55%	3.49%	3.43%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,502,000K ÷ $42,001,000K
= 3.58%

L3Harris Technologies Inc's return on assets (ROA) has shown fluctuations over the reporting periods provided. The ROA increased from 3.43% as of March 31, 2020, to 5.60% as of June 30, 2022, indicating an improvement in the company's ability to generate profits relative to its total assets. However, there was a subsequent decline in ROA to 2.60% by March 31, 2023, before seeing a slight recovery to 3.58% by December 31, 2024.

Overall, the various fluctuations in ROA suggest that the company's efficiency in utilizing its assets to generate profits has been variable during the analyzed period. It is important for investors and stakeholders to monitor these changes in ROA to assess the company's operational performance and financial health.