Abbott Laboratories (ABT)
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 | 5,723,000 | 5,162,000 | 5,161,000 | 5,804,000 | 6,933,000 | 7,889,000 | 8,554,000 | 7,725,000 | 7,071,000 | 7,244,000 | 6,376,000 | 5,724,000 | 4,495,000 | 3,382,000 | 3,110,000 | 3,579,000 | 3,687,000 | 3,292,000 | 2,895,000 | 2,622,000 |
| 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 |
| ROA | 7.82% | 7.16% | 7.04% | 7.87% | 9.31% | 10.84% | 11.53% | 10.44% | 9.40% | 9.82% | 8.70% | 7.86% | 6.20% | 4.90% | 4.52% | 5.36% | 5.43% | 4.80% | 4.23% | 3.88% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,723,000K ÷ $73,214,000K
= 7.82%
Abbott Laboratories' return on assets (ROA) has been trending downwards over the past eight quarters, starting at 10.44% in Q1 2022 and decreasing to 7.82% in Q4 2023. The ROA values have fluctuated between 7.04% and 11.53% during this period, indicating some volatility in the company's ability to generate profits relative to its total assets. Overall, the decreasing trend in ROA suggests that Abbott Laboratories may be experiencing challenges in efficiently utilizing its assets to generate profits. Further evaluation of the company's asset management and profitability strategies may be necessary to address the decline in ROA.
Peer comparison
Dec 31, 2023