Abbott Laboratories (ABT)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 6,478,000 | 6,002,000 | 6,125,000 | 6,959,000 | 8,362,000 | 9,436,000 | 10,212,000 | 9,228,000 | 8,425,000 | 8,479,000 | 7,428,000 | 6,708,000 | 5,357,000 | 4,314,000 | 4,017,000 | 4,551,000 | 4,532,000 | 4,308,000 | 4,105,000 | 3,781,000 |
| Total assets | US$ in thousands | 73,214,000 | 72,090,000 | 73,354,000 | 73,794,000 | 74,438,000 | 72,801,000 | 74,202,000 | 74,007,000 | 75,196,000 | 73,795,000 | 73,269,000 | 72,785,000 | 72,548,000 | 69,043,000 | 68,776,000 | 66,777,000 | 67,887,000 | 68,539,000 | 68,427,000 | 67,610,000 |
| Operating ROA | 8.85% | 8.33% | 8.35% | 9.43% | 11.23% | 12.96% | 13.76% | 12.47% | 11.20% | 11.49% | 10.14% | 9.22% | 7.38% | 6.25% | 5.84% | 6.82% | 6.68% | 6.29% | 6.00% | 5.59% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $6,478,000K ÷ $73,214,000K
= 8.85%
Abbott Laboratories' operating return on assets (ROA) has shown a downward trend over the past 8 quarters, declining from 12.47% in Q1 2022 to 8.85% in Q4 2023. The operating ROA peaked at 13.76% in Q2 2022 but has since decreased steadily.
This decrease in operating ROA could indicate that the company's operating income generated from its assets has been declining relative to its total assets. It is important to further investigate the reasons behind this trend, such as changes in operating efficiency, profitability, or asset management.
Investors and stakeholders may want to closely monitor Abbott Laboratories' operating ROA trend to understand the company's operational performance and effectiveness in utilizing its assets to generate profits.
Peer comparison
Dec 31, 2023