Alphabet Inc Class C (GOOG)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 112,390,000 | 105,115,000 | 97,937,000 | 92,350,000 | 84,293,000 | 78,756,000 | 74,548,000 | 72,163,000 | 74,842,000 | 78,567,000 | 82,463,000 | 82,371,000 | 78,714,000 | 72,480,000 | 62,662,000 | 49,684,000 | 41,224,000 | 34,839,000 | 32,803,000 | 35,600,000 |
| Total assets | US$ in thousands | 450,256,000 | 430,266,000 | 414,770,000 | 407,350,000 | 402,392,000 | 396,711,000 | 383,044,000 | 369,491,000 | 365,264,000 | 358,255,000 | 355,185,000 | 357,096,000 | 359,268,000 | 347,403,000 | 335,387,000 | 327,095,000 | 319,616,000 | 299,243,000 | 278,492,000 | 273,403,000 |
| Operating ROA | 24.96% | 24.43% | 23.61% | 22.67% | 20.95% | 19.85% | 19.46% | 19.53% | 20.49% | 21.93% | 23.22% | 23.07% | 21.91% | 20.86% | 18.68% | 15.19% | 12.90% | 11.64% | 11.78% | 13.02% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $112,390,000K ÷ $450,256,000K
= 24.96%
The operating return on assets (ROA) for Alphabet Inc Class C has shown a generally increasing trend over the past few years, reflecting improving efficiency in generating operating income relative to the company's total assets.
Starting at 13.02% as of March 31, 2020, the operating ROA dipped slightly to 11.78% by June 30, 2020, but then stabilized around the 11-13% range for the remainder of 2020. Throughout 2021, there was a significant uptrend in operating ROA, with values of 15.19% in March, 18.68% in June, 20.86% in September, and 21.91% by December.
The positive momentum continued into 2022 and 2023, with operating ROA reaching peaks of 23.22% in June 2022 and 22.67% in March 2024. However, there were minor fluctuations in between these highs as well.
By the end of December 2024, the operating ROA stood at 24.96%, indicating that Alphabet Inc Class C was able to generate approximately 24.96 cents of operating income for every dollar of assets held at that time. This positive performance suggests effective management of assets to drive profitability and create shareholder value.
Peer comparison
Dec 31, 2024