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)