L3Harris Technologies Inc (LHX)
Return on assets (ROA)
| 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 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 949,000 |
| Total assets | US$ in thousands | 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 | 10,117,000 |
| ROA | 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% | 9.38% |
June 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,190,000K ÷ $41,657,000K
= 2.86%
The Return on Assets (ROA) for L3Harris Technologies Inc has shown fluctuations over the past 20 quarters. ROA indicates how efficiently a company is generating profit from its assets.
The ROA has ranged from a low of 2.27% in the second quarter of 2023 to a high of 9.38% in the fourth quarter of 2019. For the most recent quarter (June 30, 2024), the ROA stood at 2.86%. This indicates that the company generated a profit of 2.86 cents for every dollar of assets it owns.
Overall, the ROA for L3Harris Technologies Inc has generally been above 3% in recent quarters, indicating that the company is effectively utilizing its assets to generate profits. However, there have been fluctuations in performance over time, suggesting varying levels of efficiency in asset utilization. It's essential for stakeholders to monitor these trends to assess the company's operational effectiveness and financial health.
Peer comparison
Jun 30, 2024