Alphabet Inc Class C (GOOG)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 100,118,000 | 73,795,000 | 59,972,000 | 76,033,000 | 40,269,000 |
| Total assets | US$ in thousands | 450,256,000 | 402,392,000 | 365,264,000 | 359,268,000 | 319,616,000 |
| ROA | 22.24% | 18.34% | 16.42% | 21.16% | 12.60% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $100,118,000K ÷ $450,256,000K
= 22.24%
Based on the provided data, Alphabet Inc Class C's return on assets (ROA) has exhibited significant fluctuations over the past five years. The ROA percentage increased from 12.60% on December 31, 2020, to 21.16% on December 31, 2021, indicating a substantial improvement in the company's ability to generate profits relative to its total assets during this period.
However, there was a slight decline in ROA to 16.42% on December 31, 2022. Despite this dip, the company's ROA rebounded to 18.34% on December 31, 2023, showcasing a recovery in profitability relative to its asset base. Notably, the ROA surged to 22.24% on December 31, 2024, marking a remarkable increase in efficiency in utilizing assets to generate earnings.
Overall, Alphabet Inc Class C's ROA demonstrates a mix of fluctuations and improvements over the analyzed period, indicating varying levels of asset utilization efficiency and profitability. Investors and stakeholders could consider this trend when evaluating the company's performance and financial health.
Peer comparison
Dec 31, 2024