Apple Inc (AAPL)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 96,995,000 | 99,803,000 | 94,680,000 | 57,411,000 | 55,256,000 |
| Total assets | US$ in thousands | 352,583,000 | 352,755,000 | 351,002,000 | 323,888,000 | 338,516,000 |
| ROA | 27.51% | 28.29% | 26.97% | 17.73% | 16.32% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $96,995,000K ÷ $352,583,000K
= 27.51%
Apple Inc's return on assets (ROA) has exhibited a positive trend over the past five years, indicating strong efficiency in generating profits from its assets. The ROA increased from 16.32% in 2019 to 27.51% in 2023, reflecting an upward trajectory in the company's ability to generate earnings relative to its total assets. This improvement suggests that Apple has been effectively utilizing its assets to generate profits and create value for its stakeholders. The consistent upward trend in ROA demonstrates the company's ability to efficiently deploy its assets in generating returns, which is a positive indicator of its overall financial performance.
Peer comparison
Sep 30, 2023