International Business Machines (IBM)
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 | 7,502,000 | 6,924,000 | 2,024,000 | 1,833,000 | 1,639,000 | 1,262,000 | 5,588,000 | 5,521,000 | 5,743,000 | 4,766,000 | 5,334,000 | 5,370,000 | 5,590,000 | 7,904,000 | 7,878,000 | 9,015,000 | 9,431,000 | 7,712,000 | 8,734,000 | 8,640,000 |
| 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 |
| ROA | 5.55% | 5.35% | 1.53% | 1.37% | 1.29% | 1.00% | 4.38% | 4.14% | 4.35% | 3.30% | 3.63% | 3.61% | 3.58% | 5.13% | 5.11% | 5.88% | 6.20% | 5.15% | 5.65% | 6.60% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $7,502,000K ÷ $135,241,000K
= 5.55%
The return on assets (ROA) of International Business Machines Corp. has exhibited significant variability over the past eight quarters. In Q4 2023, the ROA stood at 5.55%, marking a positive trend from the previous quarter's 5.36%. This indicates that the company generated $0.055 in net income for every dollar of assets held during that period.
However, looking back at Q2 and Q1 2023, the ROA experienced a decline to 1.53% and 1.37% respectively, which might raise concerns about the company's ability to efficiently utilize its assets to generate profits. Comparing the latest figures with those from Q4 2022, there has been a notable improvement as the ROA has increased from 1.29% to 5.55%.
Overall, the ROA trend suggests that International Business Machines Corp. has recently been performing well in terms of generating profits from its assets, with a particularly strong performance in the most recent quarter. It will be important to monitor future ROA figures to assess the company's ongoing efficiency in utilizing its assets for profitability.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Return on Assets (ROA) (Quarterly Data)