Alphabet Inc Class A (GOOGL)

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%

The return on assets (ROA) for Alphabet Inc has shown some fluctuations over the past eight quarters. In the most recent quarter, ending December 31, 2023, the ROA was 18.34%, indicating that the company generated a profit of 18.34 cents for every dollar of assets it holds. This represents a slight increase from the previous quarter's ROA of 16.82% and a noticeable improvement from the ROA of 16.42% in the same quarter of the previous year. However, the trend over the past year has been a gradual decrease in ROA from a high of 20.87% in March 2022 to the current level.

The ROA fluctuation may suggest changes in how efficiently Alphabet Inc is utilizing its assets to generate profits. Therefore, further analysis of the company's financial performance and asset management strategies is recommended to fully understand the factors driving these changes in ROA.