Alphabet Inc Class A (GOOGL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	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	34,231,000	33,186,000	32,634,000	26,499,000
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
Operating ROA		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%	12.41%	12.62%	12.69%	10.80%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $84,293,000K ÷ $402,392,000K
= 20.95%

Alphabet Inc's operating return on assets (operating ROA) measures the company's efficiency in generating operating income from its assets. The operating ROA for the past eight quarters ranged from a high of 23.22% in the second quarter of 2022 to a low of 19.33% in the third quarter of 2023.

The operating ROA has generally been strong and relatively stable, with minor fluctuations quarter to quarter. This indicates that Alphabet Inc has been effectively utilizing its assets to generate operating income.

Overall, the company's consistent operating ROA suggests efficient asset utilization and a solid performance in generating operating income relative to its total assets over the analyzed period.