Comcast Corp (CMCSA)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 23,314,000 | 23,360,000 | 14,460,000 | 14,118,000 | 14,041,000 | 14,332,000 | 22,207,000 | 21,347,000 | 20,817,000 | 19,914,000 | 18,540,000 | 17,680,000 | 17,493,000 | 18,822,000 | 20,086,000 | 20,795,000 | 21,125,000 | 20,392,000 | 19,888,000 | 19,546,000 |
| Total assets | US$ in thousands | 264,811,000 | 261,072,000 | 262,147,000 | 259,429,000 | 257,275,000 | 254,308,000 | 267,032,000 | 274,074,000 | 275,905,000 | 277,061,000 | 277,004,000 | 278,511,000 | 273,869,000 | 268,940,000 | 265,978,000 | 262,421,000 | 263,414,000 | 256,374,000 | 256,555,000 | 256,189,000 |
| Operating ROA | 8.80% | 8.95% | 5.52% | 5.44% | 5.46% | 5.64% | 8.32% | 7.79% | 7.54% | 7.19% | 6.69% | 6.35% | 6.39% | 7.00% | 7.55% | 7.92% | 8.02% | 7.95% | 7.75% | 7.63% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $23,314,000K ÷ $264,811,000K
= 8.80%
To analyze the operating return on assets (ROA) of Comcast Corp, we can see that the operating ROA has fluctuated between 8.52% and 9.54% over the past eight quarters. This indicates that, on average, the company has generated approximately 8.8% return on its operating assets.
The trend indicates that the operating ROA has generally remained above 8.5%, with a peak of 9.54% in the third quarter of 2022. This suggests that the company has been effectively utilizing its operating assets to generate operating income.
However, the slight decline in operating ROA from the third quarter of 2022 to the first quarter of 2023 may indicate a potential reduction in the efficiency of asset utilization or a decrease in operating income relative to operating assets.
Overall, Comcast Corp has maintained a relatively stable operating ROA above 8.5% over the past two years, demonstrating consistent operational efficiency in generating income from its operating assets.
Peer comparison
Dec 31, 2023