Apple Inc (AAPL)
Return on assets (ROA)
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 93,736,000 | 96,995,000 | 99,803,000 | 94,680,000 | 57,411,000 |
| Total assets | US$ in thousands | 364,980,000 | 352,583,000 | 352,755,000 | 351,002,000 | 323,888,000 |
| ROA | 25.68% | 27.51% | 28.29% | 26.97% | 17.73% |
September 30, 2024 calculation
ROA = Net income ÷ Total assets
= $93,736,000K ÷ $364,980,000K
= 25.68%
Apple Inc's return on assets (ROA) has been consistently strong over the past five years, indicating effective utilization of its assets to generate profits. The ROA ranged from 17.73% in 2020 to 28.29% in 2022, with a slight decrease to 25.68% in 2024. This signals that Apple is efficiently generating income relative to its total assets. The gradual decline in ROA from 2022 to 2024 suggests a potential slowdown in asset productivity, which may require further analysis to identify underlying factors. Overall, Apple's ROA performance highlights the company's ability to generate profits from its asset base, but monitoring trends in asset efficiency is crucial for sustained financial success.
Peer comparison
Sep 30, 2024