Apple Inc (AAPL)
Operating return on assets (Operating 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 123,216,000 | 120,594,000 | 118,240,000 | 118,658,000 | 114,301,000 | 112,226,000 | 112,304,000 | 113,965,000 | 119,437,000 | 118,329,000 | 119,379,000 | 116,903,000 | 108,949,000 | 99,938,000 | 88,903,000 | 74,253,000 | 66,288,000 | 67,138,000 | 65,591,000 | 66,153,000 |
| Total assets | US$ in thousands | 364,980,000 | 331,612,000 | 337,411,000 | 353,514,000 | 352,583,000 | 335,038,000 | 332,160,000 | 346,747,000 | 352,755,000 | 336,309,000 | 350,662,000 | 381,191,000 | 351,002,000 | 329,840,000 | 337,158,000 | 354,054,000 | 323,888,000 | 317,344,000 | 320,400,000 | 340,618,000 |
| Operating ROA | 33.76% | 36.37% | 35.04% | 33.57% | 32.42% | 33.50% | 33.81% | 32.87% | 33.86% | 35.18% | 34.04% | 30.67% | 31.04% | 30.30% | 26.37% | 20.97% | 20.47% | 21.16% | 20.47% | 19.42% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $123,216,000K ÷ $364,980,000K
= 33.76%
Operating return on assets (operating ROA) measures a company's ability to generate profits from its assets used in operations. Apple Inc's operating ROA has shown a positive trend over the past few quarters. In the most recent quarter, September 30, 2024, Apple Inc's operating ROA was 33.76%, indicating that the company generated $0.3376 in operating income for every $1 of assets employed.
The operating ROA has generally been above 30% in recent quarters, demonstrating Apple's efficient utilization of assets to generate operating profits. This trend signifies strong operational performance and efficiency in managing resources. The operating ROA peaked in June 2024 at 36.37% and has remained relatively stable around the high 30% range.
Consistently high operating ROA indicates that Apple Inc is effectively leveraging its assets to generate operating income, which is a positive indicator for investors and stakeholders. It suggests that the company is efficiently utilizing its resources to drive profitability and create value for shareholders.
Peer comparison
Sep 30, 2024