Applied Materials Inc (AMAT)

Return on assets (ROA)

		Jan 28, 2024	Oct 29, 2023	Jul 30, 2023	Apr 30, 2023	Jan 29, 2023	Oct 30, 2022	Jul 31, 2022	May 1, 2022	Jan 30, 2022	Oct 31, 2021	Aug 1, 2021	May 2, 2021	Jan 31, 2021	Oct 25, 2020	Jul 26, 2020	Apr 26, 2020	Jan 26, 2020	Oct 27, 2019	Jul 28, 2019	Apr 28, 2019
Net income (ttm)	US$ in thousands	7,158,000	6,856,000	6,443,000	6,489,000	6,450,000	6,525,000	6,646,000	6,756,000	6,550,000	5,888,000	5,307,000	4,432,000	3,857,000	3,619,000	3,186,000	2,916,000	2,827,000	2,706,000	2,765,000	3,210,000
Total assets	US$ in thousands	31,540,000	30,729,000	30,410,000	29,092,000	27,959,000	26,726,000	26,161,000	25,459,000	25,428,000	25,825,000	24,479,000	24,085,000	23,305,000	22,353,000	21,171,000	21,815,000	19,767,000	19,024,000	18,805,000	18,775,000
ROA		22.69%	22.31%	21.19%	22.31%	23.07%	24.41%	25.40%	26.54%	25.76%	22.80%	21.68%	18.40%	16.55%	16.19%	15.05%	13.37%	14.30%	14.22%	14.70%	17.10%

January 28, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $7,158,000K ÷ $31,540,000K
= 22.69%

Applied Materials Inc.'s return on assets (ROA) has been declining over the last eight quarters, with a high of 26.54% in Q2 2022 and a low of 21.19% in Q3 2023. This suggests that the company's ability to generate profits from its assets has shown some variability in performance. Despite the fluctuations, Applied Materials Inc.'s ROA still remains relatively strong, consistently above 20% in all quarters, indicating efficient asset utilization and profitability. It would be important to further analyze the factors contributing to the changes in ROA to assess the company's overall financial health and performance.