Advanced Micro Devices Inc (AMD)

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	854,000	208,000	-25,000	395,000	1,320,000	2,273,000	3,130,000	3,393,000	3,162,000	3,969,000	3,436,000	2,883,000	2,490,000	879,000	609,000	487,000	341,000	209,000	191,000	272,000
Total assets	US$ in thousands	67,885,000	67,626,000	67,967,000	67,634,000	67,580,000	67,811,000	67,502,000	66,915,000	12,419,000	11,153,000	10,691,000	10,047,000	8,962,000	7,023,000	6,583,000	5,864,000	6,028,000	5,253,000	5,102,000	4,931,000
ROA		1.26%	0.31%	-0.04%	0.58%	1.95%	3.35%	4.64%	5.07%	25.46%	35.59%	32.14%	28.70%	27.78%	12.52%	9.25%	8.30%	5.66%	3.98%	3.74%	5.52%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $854,000K ÷ $67,885,000K
= 1.26%

Advanced Micro Devices Inc's return on assets (ROA) has shown a fluctuating trend over the past few quarters. The ROA was negative in the second quarter of 2023 but improved to 0.58% in the first quarter of 2023. In the most recent quarter at the end of December 2023, the ROA stood at 1.26%, indicating some improvement.

Looking further back, the ROA was relatively strong in 2021, with values above 25% in the last two quarters of that year, indicating efficient asset utilization. However, in 2022, the ROA started to decline steadily, reaching a low of 1.95% at the end of the year.

It is important for investors and stakeholders to monitor this metric closely to assess the company's ability to generate profits from its assets efficiently. The recent improvement in the ROA is a positive sign, but it will be essential to continue analyzing future financial reports to determine if this trend will be sustained.