Comcast Corp (CMCSA)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 15,388,000 | 15,151,000 | 6,507,000 | 5,655,000 | 5,370,000 | 5,404,000 | 14,037,000 | 14,379,000 | 14,159,000 | 14,482,000 | 12,466,000 | 11,716,000 | 10,534,000 | 10,316,000 | 11,514,000 | 11,651,000 | 13,057,000 | 12,406,000 | 12,075,000 | 12,166,000 |
| 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 |
| ROA | 5.81% | 5.80% | 2.48% | 2.18% | 2.09% | 2.12% | 5.26% | 5.25% | 5.13% | 5.23% | 4.50% | 4.21% | 3.85% | 3.84% | 4.33% | 4.44% | 4.96% | 4.84% | 4.71% | 4.75% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $15,388,000K ÷ $264,811,000K
= 5.81%
To analyze Comcast Corp's return on assets (ROA), we will calculate its average ROA over the past eight quarters using the data provided.
Average ROA = (5.81% + 5.80% + 2.48% + 2.18% + 2.09% + 2.12% + 5.26% + 5.25%) / 8 = 3.82%
Comcast Corp's average ROA over the past eight quarters is 3.82%. This indicates that, on average, for every dollar of assets the company holds, it generates a return of approximately 3.82 cents.
The fluctuation in the ROA over the quarters suggests that the company's efficiency in generating profits from its assets has varied. The increase in ROA from Q2 2022 to Q1 2023 was notable, indicating improved asset utilization during that period. However, the subsequent decrease in Q2 2023 followed by a slight increase in Q3 2023 reflects some inconsistency in the company's ability to generate returns from its assets.
Overall, Comcast Corp's average ROA of 3.82% indicates a reasonable level of efficiency in utilizing its assets to generate profits, although the fluctuation in the quarterly ROA figures suggests room for improvement in maintaining consistent asset productivity.
Peer comparison
Dec 31, 2023