Apple Inc (AAPL)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 123,216,000 | 114,301,000 | 119,437,000 | 108,949,000 | 66,288,000 |
| Total assets | US$ in thousands | 364,980,000 | 352,583,000 | 352,755,000 | 351,002,000 | 323,888,000 |
| Operating ROA | 33.76% | 32.42% | 33.86% | 31.04% | 20.47% |
September 30, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $123,216,000K ÷ $364,980,000K
= 33.76%
The operating return on assets (operating ROA) for Apple Inc has been consistently strong over the past five years, with values ranging from 20.47% in September 2020 to 33.76% in September 2024. This indicates that Apple is effectively generating operating income relative to its total assets.
The upward trend in operating ROA from 2020 to 2024 suggests improved operational efficiency and profitability. The significant increase in operating ROA from 2020 to 2021, and the subsequent maintenance of high levels in the following years, reflect Apple's ability to efficiently utilize its assets to generate operating income.
The average operating ROA over the five-year period is 28.31%. This indicates that, on average, Apple generates operating income equivalent to approximately 28.31% of its total assets annually.
Overall, the operating ROA trend for Apple Inc demonstrates a strong operational performance and efficient asset utilization, which is a positive indicator of the company's financial health and management effectiveness.
Peer comparison
Sep 30, 2024