Johnson & Johnson (JNJ)
Operating return on assets (Operating ROA)
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 31,673,000 | 28,428,000 | 29,231,000 | 29,340,000 | 24,116,000 | 23,374,000 | 23,033,000 | 22,541,000 | 27,173,000 | 17,073,000 | 17,380,000 | 17,395,000 | 18,757,000 | 17,753,000 | 17,580,000 | 15,468,000 | 14,729,000 | 24,986,000 | 25,273,000 | 26,636,000 |
| Total assets | US$ in thousands | 180,104,000 | 178,287,000 | 181,088,000 | 171,966,000 | 167,558,000 | 166,061,000 | 191,686,000 | 195,969,000 | 187,378,000 | 175,124,000 | 177,724,000 | 178,355,000 | 182,018,000 | 179,228,000 | 176,440,000 | 172,557,000 | 174,894,000 | 170,693,000 | 158,380,000 | 155,017,000 |
| Operating ROA | 17.59% | 15.95% | 16.14% | 17.06% | 14.39% | 14.08% | 12.02% | 11.50% | 14.50% | 9.75% | 9.78% | 9.75% | 10.31% | 9.91% | 9.96% | 8.96% | 8.42% | 14.64% | 15.96% | 17.18% |
December 31, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $31,673,000K ÷ $180,104,000K
= 17.59%
Operating Return on Assets (Operating ROA) is a key financial ratio that provides insights into how well a company like Johnson & Johnson is utilizing its assets to generate operating profits.
Based on the provided data, Johnson & Johnson's Operating ROA has shown some fluctuations over the periods analyzed. The ratio was relatively high at the beginning of the period, standing at around 17.18% as of March 31, 2020. However, it experienced a decline in subsequent quarters before reaching a low point of 8.42% by December 31, 2020.
From the beginning of 2021, Johnson & Johnson's Operating ROA showed signs of recovery, steadily increasing to 17.06% by March 31, 2024. The ratio demonstrated stability in the mid-teen range during the latter part of the period, indicating that the company was effectively generating operating profits relative to its total assets.
It is worth noting that Operating ROA is a measure of operating efficiency and profitability, and the fluctuations observed in Johnson & Johnson's ratio may reflect changes in the company's operating performance and asset utilization strategies over time. Further analysis of the underlying factors driving these fluctuations would provide a more detailed understanding of Johnson & Johnson's operational performance.
Peer comparison
Dec 31, 2024