Apple Inc (AAPL)
Return on assets (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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 100,913,000 | 96,995,000 | 94,760,000 | 94,321,000 | 95,171,000 | 99,803,000 | 99,633,000 | 101,935,000 | 100,555,000 | 94,680,000 | 86,802,000 | 76,311,000 | 63,930,000 | 57,411,000 | 58,424,000 | 57,215,000 | 57,527,000 | 55,256,000 | 55,695,000 | 57,170,000 |
| Total assets | US$ in thousands | 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 | 338,516,000 | 322,239,000 | 341,998,000 |
| ROA | 28.55% | 27.51% | 28.28% | 28.40% | 27.45% | 28.29% | 29.63% | 29.07% | 26.38% | 26.97% | 26.32% | 22.63% | 18.06% | 17.73% | 18.41% | 17.86% | 16.89% | 16.32% | 17.28% | 16.72% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $100,913,000K ÷ $353,514,000K
= 28.55%
Apple Inc's return on assets (ROA) has shown a generally positive trend over the past two years, with the ratio consistently increasing from 16.72% in March 2019 to a peak of 29.63% in June 2022. This indicates that the company has been effectively generating profits in relation to its total assets.
However, there was a slight dip in ROA in March 2021, where it dropped to 18.06% before recovering and hitting higher levels in the following quarters. The most recent ROA figure of 28.55% as of December 2023 suggests that Apple continues to efficiently utilize its assets to generate profits for its shareholders.
Overall, the upward trend in Apple's ROA signifies the company's ability to generate stronger returns relative to its asset base, reflecting positively on its operational efficiency and profitability.
Peer comparison
Dec 31, 2023