Xerox Corp (XRX)
Operating return on assets (Operating ROA)
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,377,000 | 4,653,000 | 4,690,000 | 4,662,000 | 4,445,000 | 3,479,000 | 3,564,000 | 3,651,000 | 3,724,000 | 3,471,000 | 3,379,000 | 3,084,000 | 2,868,000 | 3,445,000 | 3,787,000 | |||
| Total assets | US$ in thousands | 10,008,000 | 10,444,000 | 10,569,000 | 11,046,000 | 11,543,000 | 11,420,000 | 12,270,000 | 13,082,000 | 13,223,000 | 14,081,000 | 14,110,000 | 14,272,000 | 14,741,000 | 15,352,000 | 14,125,000 | 14,784,000 | 15,047,000 | 14,660,000 |
| Operating ROA | 33.74% | 44.55% | 44.38% | 42.21% | 38.51% | 30.46% | 29.05% | 27.91% | 28.16% | 24.65% | 23.95% | 21.61% | 19.46% | 22.44% | 26.81% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $3,377,000K ÷ $10,008,000K
= 33.74%
Xerox Holdings Corp's operating return on assets (operating ROA) has shown a positive trend over the past eight quarters. The operating ROA increased from 1.77% in Q1 2022 to 4.09% in Q3 2023, indicating an improvement in the company's operating efficiency and profitability.
The company experienced a slight dip in Q1 2023 with an operating ROA of 3.01%, but rebounded in the following quarters. The highest operating ROA was recorded in Q3 2023 at 4.09%, demonstrating the effectiveness of Xerox Holdings Corp in generating operating income relative to its total assets.
Overall, the upward trend in Xerox Holdings Corp's operating ROA suggests that the company has been successful in managing its assets efficiently and enhancing its operational performance during the period under review. Investors and stakeholders may view this as a positive sign of the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2023