Alphabet Inc Class C (GOOG)
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 | 73,795,000 | 66,732,000 | 60,953,000 | 58,587,000 | 59,972,000 | 66,990,000 | 72,016,000 | 74,539,000 | 76,033,000 | 70,618,000 | 62,929,000 | 51,363,000 | 40,269,000 | 35,713,000 | 31,534,000 | 34,522,000 | 34,343,000 | 32,620,000 | 34,744,000 | 27,992,000 |
Total assets | US$ in thousands | 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 | 275,909,000 | 263,044,000 | 257,101,000 | 245,349,000 |
ROA | 18.34% | 16.82% | 15.91% | 15.86% | 16.42% | 18.70% | 20.28% | 20.87% | 21.16% | 20.33% | 18.76% | 15.70% | 12.60% | 11.93% | 11.32% | 12.63% | 12.45% | 12.40% | 13.51% | 11.41% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $73,795,000K ÷ $402,392,000K
= 18.34%
Alphabet Inc's return on assets (ROA) has exhibited some fluctuations over the past eight quarters. ROA ranged from 15.86% to 20.87% during this period. In Q4 2023, Alphabet Inc's ROA was 18.34%, showing a slight increase from the previous quarter. Compared to Q4 2022, ROA decreased from 16.42% to 18.34% in Q4 2023.
Alphabet Inc's ROA peaked at 20.87% in Q1 2022 and was on a downward trend until Q4 2023. The average ROA for the last eight quarters stands at approximately 17.65%. This indicates that, on average, Alphabet Inc generates a return of 17.65 cents for every dollar of assets.
Overall, Alphabet Inc's ROA performance suggests that the company has been effectively utilizing its assets to generate profits, with some variations in efficiency over the quarters. It is essential for investors and analysts to monitor these trends to assess the company's operational productivity and profitability.
Peer comparison
Dec 31, 2023
See also:
Alphabet Inc Class C Return on Assets (ROA) (Quarterly Data)