Comcast Corp (CMCSA)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 23,314,000 | 14,041,000 | 20,817,000 | 17,493,000 | 21,125,000 |
| Total assets | US$ in thousands | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 | 263,414,000 |
| Operating ROA | 8.80% | 5.46% | 7.54% | 6.39% | 8.02% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $23,314,000K ÷ $264,811,000K
= 8.80%
To analyze Comcast Corp's operating return on assets (operating ROA), we can see that the operating ROA has been fluctuating over the past five years. In 2019, the operating ROA stood at 7.83%, which then decreased to 6.35% in 2020. However, there was an improvement in 2021, as the operating ROA increased to 8.27%, and further increased to 8.58% in 2022. The trend continued upwards in 2023, reaching 8.80%.
This indicates that Comcast Corp has been able to generate an increasing level of operating income per dollar of total assets over the years, indicating improved operating efficiency and profitability. It's important for investors and stakeholders to assess the drivers behind these changes, as well as to track how these changes align with the company's overall strategic direction and market conditions.
Peer comparison
Dec 31, 2023