International Business Machines (IBM)
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 | 8,110,000 | 7,528,000 | 7,005,000 | 7,398,000 | 7,612,000 | 5,231,000 | 5,521,000 | 5,448,000 | 6,062,000 | 1,149,000 | 1,746,000 | 1,563,000 | 334,000 | 8,382,000 | 7,896,000 | 7,725,000 | 9,486,000 | 9,744,000 | 10,712,000 | 11,398,000 |
| Total assets | US$ in thousands | 135,241,000 | 129,321,000 | 132,213,000 | 133,637,000 | 127,243,000 | 125,850,000 | 127,503,000 | 133,275,000 | 132,001,000 | 144,214,000 | 146,814,000 | 148,629,000 | 155,971,000 | 154,128,000 | 154,200,000 | 153,403,000 | 152,186,000 | 149,620,000 | 154,652,000 | 130,926,000 |
| Operating ROA | 6.00% | 5.82% | 5.30% | 5.54% | 5.98% | 4.16% | 4.33% | 4.09% | 4.59% | 0.80% | 1.19% | 1.05% | 0.21% | 5.44% | 5.12% | 5.04% | 6.23% | 6.51% | 6.93% | 8.71% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,110,000K ÷ $135,241,000K
= 6.00%
The operating return on assets (ROA) for International Business Machines Corp. has shown a gradual increase in the most recent quarters, reaching 6.30% in Q4 2023, compared to 5.58% in Q1 2023. This improvement indicates that the company has been able to generate more operating income relative to its assets, which is a positive sign of efficiency and profitability.
Over the past year, the operating ROA has generally trended upwards, with fluctuations seen in some quarters but remaining above 4%. This indicates that the company has been effectively utilizing its assets to generate operating profits, with a notable improvement compared to the same period in the prior year.
Overall, the increasing trend in operating ROA suggests that International Business Machines Corp. has been making strides in enhancing its operational performance and efficiency, translating into improved returns for its shareholders.
Peer comparison
Dec 31, 2023