Broadcom Inc (AVGO)
Return on assets (ROA)
Nov 3, 2024 | Aug 4, 2024 | May 5, 2024 | Feb 4, 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 | Nov 1, 2020 | Aug 2, 2020 | May 3, 2020 | Feb 2, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Net income (ttm) | US$ in thousands | 5,895,000 | 5,095,000 | 10,273,000 | 11,633,000 | 14,082,000 | 13,917,000 | 13,688,000 | 12,797,000 | 11,495,000 | 10,125,000 | 8,927,000 | 7,830,000 | 6,736,000 | 6,071,000 | 4,883,000 | 3,953,000 | 2,960,000 | 2,483,000 | 2,510,000 | 2,638,000 |
Total assets | US$ in thousands | 165,645,000 | 167,966,000 | 175,211,000 | 177,870,000 | 72,861,000 | 71,595,000 | 71,667,000 | 72,976,000 | 73,249,000 | 71,326,000 | 71,719,000 | 73,224,000 | 75,570,000 | 75,880,000 | 75,524,000 | 76,972,000 | 75,933,000 | 79,298,000 | 81,548,000 | 81,006,000 |
ROA | 3.56% | 3.03% | 5.86% | 6.54% | 19.33% | 19.44% | 19.10% | 17.54% | 15.69% | 14.20% | 12.45% | 10.69% | 8.91% | 8.00% | 6.47% | 5.14% | 3.90% | 3.13% | 3.08% | 3.26% |
November 3, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,895,000K ÷ $165,645,000K
= 3.56%
Broadcom Inc's return on assets (ROA) has experienced fluctuations over the past few quarters. The ROA was at its peak in the most recent quarter at 3.56%, showing a positive trend from the previous quarter's 3.03%. Prior to that, there was a significant increase in ROA from 3.13% in the second quarter of 2020 to above 15% in the fourth quarter of 2023, before gradually decreasing.
These variations in ROA indicate changes in the company's ability to generate profit from its assets. An upward trend suggests improved efficiency in asset utilization, while a decline may indicate less effective management of assets. Overall, Broadcom Inc should continue monitoring its ROA to ensure sustainable profitability and effective use of its resources.
Peer comparison
Nov 3, 2024