Amazon.com Inc (AMZN)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	30,425,000	-2,722,000	33,364,000	21,331,000	11,588,000
Total assets	US$ in thousands	527,854,000	462,675,000	420,549,000	321,195,000	225,248,000
ROA		5.76%	-0.59%	7.93%	6.64%	5.14%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $30,425,000K ÷ $527,854,000K
= 5.76%

The return on assets (ROA) of Amazon.com Inc. has shown fluctuating trends over the past five years.

In 2023, the ROA of the company improved significantly to 5.76% from a negative ROA of -0.59% in 2022. This indicates that the company was able to generate profits more efficiently relative to its total assets in 2023.

Comparing 2023 to 2021, there was a decrease in ROA from 7.93% to 5.76%. This decline suggests a potential decrease in the company's profitability relative to its assets efficiency compared to the previous year.

Furthermore, the ROA in 2020 and 2019 was 6.64% and 5.14%, respectively. The ROA for 2023 is slightly lower than the ROA in 2020, indicating a slight decrease in profitability relative to assets utilization.

Overall, the fluctuating trend in ROA for Amazon.com Inc. over the past five years implies variations in the company's ability to generate profits from its assets efficiently, highlighting the importance of monitoring and analyzing financial performance metrics to assess the company's operational effectiveness and financial health.