Comcast Corp (CMCSA)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 15,388,000 | 5,370,000 | 14,159,000 | 10,534,000 | 13,057,000 |
| Total assets | US$ in thousands | 264,811,000 | 257,275,000 | 275,905,000 | 273,869,000 | 263,414,000 |
| ROA | 5.81% | 2.09% | 5.13% | 3.85% | 4.96% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $15,388,000K ÷ $264,811,000K
= 5.81%
Based on the provided data, Comcast Corp's return on assets (ROA) has shown varying levels over the past five years. In 2023, the ROA stood at 5.81%, exhibiting a significant increase from the previous year's 2.09%. This indicates a notable improvement in the company's ability to generate profits from its assets. Comparing the latest ROA to 2021 and 2020, there is a moderate increase, highlighting a positive trend in the company's asset utilization and profitability. However, it is worth noting that the ROA in 2023 is slightly lower than in 2019, suggesting a potential slowdown in asset efficiency and generating returns. Overall, the trend in ROA indicates some fluctuations, and it would be important to further investigate the company's asset management and profitability strategies to understand the reasons behind these changes.
Peer comparison
Dec 31, 2023