Intel Corporation (INTC)
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 | 1,689,000 | -1,644,000 | -922,000 | -2,857,000 | 8,014,000 | 13,301,000 | 19,105,000 | 24,620,000 | 19,868,000 | 21,102,000 | 18,555,000 | 18,599,000 | 20,899,000 | 21,947,000 | 23,661,000 | 22,735,000 | 21,048,000 | 19,338,000 | 19,746,000 | 20,573,000 |
| Total assets | US$ in thousands | 191,572,000 | 188,837,000 | 185,629,000 | 185,303,000 | 182,103,000 | 174,841,000 | 170,418,000 | 176,356,000 | 168,406,000 | 167,962,000 | 154,597,000 | 150,622,000 | 153,091,000 | 145,261,000 | 152,539,000 | 147,710,000 | 136,524,000 | 133,768,000 | 130,759,000 | 129,458,000 |
| ROA | 0.88% | -0.87% | -0.50% | -1.54% | 4.40% | 7.61% | 11.21% | 13.96% | 11.80% | 12.56% | 12.00% | 12.35% | 13.65% | 15.11% | 15.51% | 15.39% | 15.42% | 14.46% | 15.10% | 15.89% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $1,689,000K ÷ $191,572,000K
= 0.88%
The return on assets (ROA) of Intel Corporation has shown a declining trend from the last quarter of 2022 to the third quarter of 2023 where it turned negative. This indicates that the company's ability to generate profit from its assets has weakened.
The substantial decrease in ROA could be attributed to various factors such as declining revenues, increased expenses, or impairment of assets. It is important to assess the underlying reasons for this decline to determine the company's operational efficiency and financial health.
Looking at the historical data, Intel had experienced relatively high ROA figures in the previous periods, indicating strong performance in utilizing its assets to generate profit. However, the recent negative ROA values raise concerns about the company's current profitability and efficiency in asset utilization.
Further analysis and monitoring of Intel's financial performance and operational activities are recommended to identify any underlying issues affecting its ROA and to implement strategies for improvement.
Peer comparison
Dec 31, 2023