Apple Inc (AAPL)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 93,736,000 | 101,956,000 | 100,389,000 | 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 |
| 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 |
| ROA | 25.68% | 30.75% | 29.75% | 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% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $93,736,000K ÷ $364,980,000K
= 25.68%
Apple Inc's return on assets (ROA) has shown a generally positive trend over the past few quarters, indicating the company's efficient utilization of its assets to generate profits. The ROA has fluctuated within a range, with the latest figure standing at 25.68% as of September 30, 2024.
The ROA peaked at 30.75% in June 2024, reflecting strong asset management and profitability during that period. Despite some fluctuations, Apple has consistently maintained a relatively high ROA above 25% in recent quarters, which is a positive sign for investors.
Overall, Apple's ROA performance suggests the company is effectively generating profits relative to its total assets, demonstrating operational efficiency and effective resource utilization. Continued monitoring of this ratio will be important to assess Apple's ongoing financial performance and asset management strategies.
Peer comparison
Sep 30, 2024