Charter Communications Inc (CHTR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	4,557,000	5,055,000	4,654,000	3,222,000	1,668,000
Total assets	US$ in thousands	147,193,000	144,523,000	142,491,000	144,206,000	148,188,000
ROA		3.10%	3.50%	3.27%	2.23%	1.13%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $4,557,000K ÷ $147,193,000K
= 3.10%

Charter Communications Inc.'s return on assets (ROA) has shown a consistent upward trend over the past five years, increasing from 1.13% in 2019 to 3.10% in 2023. This indicates that the company has been effectively utilizing its assets to generate profit. The ROA of 3.10% in 2023 suggests that for every dollar of assets, Charter Communications Inc. generated a profit of $0.031. Overall, the company has been efficient in generating returns from its assets, which is a positive indicator of its financial performance and management effectiveness.