Amazon.com Inc (AMZN)
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 | 30,425,000 | 20,079,000 | 13,072,000 | 4,294,000 | -2,722,000 | 11,323,000 | 11,607,000 | 21,413,000 | 33,364,000 | 26,263,000 | 29,438,000 | 26,903,000 | 21,331,000 | 17,377,000 | 13,180,000 | 10,562,000 | 11,588,000 | 11,347,000 | 12,096,000 | 12,005,000 |
| Total assets | US$ in thousands | 527,854,000 | 486,883,000 | 477,607,000 | 464,378,000 | 462,675,000 | 428,362,000 | 419,728,000 | 410,767,000 | 420,549,000 | 382,406,000 | 360,319,000 | 323,077,000 | 321,195,000 | 282,179,000 | 258,314,000 | 221,238,000 | 225,248,000 | 199,099,000 | 191,351,000 | 178,102,000 |
| ROA | 5.76% | 4.12% | 2.74% | 0.92% | -0.59% | 2.64% | 2.77% | 5.21% | 7.93% | 6.87% | 8.17% | 8.33% | 6.64% | 6.16% | 5.10% | 4.77% | 5.14% | 5.70% | 6.32% | 6.74% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $30,425,000K ÷ $527,854,000K
= 5.76%
Amazon.com Inc.'s return on assets (ROA) has shown a fluctuating trend over the past eight quarters. The ROA has steadily improved from a negative figure of -0.59% in Q4 2022 to 5.76% in Q4 2023, reflecting a significant turnaround in efficiency in utilizing its assets to generate profits.
The improving trend indicates that Amazon has been able to increase its profitability relative to its asset base. Despite some fluctuations in between, the overall direction has been positive. The return on assets peaked in Q1 2022 at 5.21% before experiencing a decline in subsequent quarters.
Overall, Amazon's increasing ROA suggests the company has been successful in generating higher earnings from its assets, which can be a positive indicator of operational efficiency and financial performance.
Peer comparison
Dec 31, 2023