InterDigital Inc (IDCC)
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 | 221,615 | 234,884 | 213,068 | 239,592 | 150,516 | 137,511 | 142,451 | 89,402 | 71,206 | 48,757 | 27,410 | 62,476 | 55,168 | 77,324 | 65,668 | 42,666 | 37,835 | 16,384 | 25,530 | 32,295 |
| Total assets | US$ in thousands | 1,770,810 | 1,826,480 | 1,760,180 | 1,748,560 | 1,900,100 | 1,928,220 | 1,617,500 | 1,596,030 | 1,628,160 | 1,700,610 | 1,497,080 | 1,561,870 | 1,616,280 | 1,640,490 | 1,538,760 | 1,464,730 | 1,612,080 | 1,628,300 | 1,545,070 | 1,479,750 |
| Operating ROA | 12.51% | 12.86% | 12.10% | 13.70% | 7.92% | 7.13% | 8.81% | 5.60% | 4.37% | 2.87% | 1.83% | 4.00% | 3.41% | 4.71% | 4.27% | 2.91% | 2.35% | 1.01% | 1.65% | 2.18% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $221,615K ÷ $1,770,810K
= 12.51%
Interdigital Inc's operating return on assets (operating ROA) has exhibited fluctuations over the past eight quarters. The trend shows an improvement in operating ROA from Q1 2022 to Q4 2023, with a notable increase in the most recent quarter. The company achieved an operating ROA of 12.51% in Q4 2023, the highest in the provided data series. This indicates that Interdigital Inc generated operating income of $0.1251 for every dollar of assets employed in its operations during the quarter.
The increase in operating ROA could signify improved operational efficiency or effective asset utilization by the company. It suggests that Interdigital Inc is making better use of its assets to generate operating profits compared to the earlier quarters in the dataset. However, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall performance and financial health.
Peer comparison
Dec 31, 2023