InterDigital Inc (IDCC)
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 | 214,069 | 207,391 | 181,672 | 180,958 | 93,693 | 83,163 | 87,169 | 67,718 | 55,295 | 32,067 | 29,623 | 50,256 | 44,801 | 59,905 | 38,355 | 23,847 | 20,928 | 9,257 | 28,775 | 31,998 |
| 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 |
| ROA | 12.09% | 11.35% | 10.32% | 10.35% | 4.93% | 4.31% | 5.39% | 4.24% | 3.40% | 1.89% | 1.98% | 3.22% | 2.77% | 3.65% | 2.49% | 1.63% | 1.30% | 0.57% | 1.86% | 2.16% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $214,069K ÷ $1,770,810K
= 12.09%
Interdigital Inc's return on assets (ROA) has shown an increasing trend over the past eight quarters. The ROA for Q4 2023 stood at 12.09%, the highest among the periods presented. This indicates that Interdigital Inc generated a profit of 12.09 cents for every dollar of assets it owns in Q4 2023.
The consistent improvement in ROA from 2022 to 2023 suggests that the company's management has been effectively utilizing its assets to generate profits. This improvement may be attributed to various factors such as operational efficiency, cost control measures, or strategic investments.
Overall, the increasing ROA reflects favorably on Interdigital Inc's ability to generate earnings from its assets, indicating a potentially positive outlook for the company's financial performance.
Peer comparison
Dec 31, 2023