Johnson & Johnson (JNJ)
Return on assets (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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 14,066,000 | 14,684,000 | 38,018,000 | 38,476,000 | 35,153,000 | 34,624,000 | 13,054,000 | 12,724,000 | 17,941,000 | 19,157,000 | 18,366,000 | 19,830,000 | 20,878,000 | 17,880,000 | 17,767,000 | 15,115,000 | 14,714,000 | 16,986,000 | 15,185,000 | 17,166,000 |
| 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 |
| ROA | 7.81% | 8.24% | 20.99% | 22.37% | 20.98% | 20.85% | 6.81% | 6.49% | 9.57% | 10.94% | 10.33% | 11.12% | 11.47% | 9.98% | 10.07% | 8.76% | 8.41% | 9.95% | 9.59% | 11.07% |
December 31, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $14,066,000K ÷ $180,104,000K
= 7.81%
Johnson & Johnson's return on assets (ROA) has fluctuated over the period from March 2020 to December 2024. The ROA started at 11.07% in March 2020 and showed a slight decline to 8.41% by December 2020. However, the ROA then recovered, reaching 11.47% by December 2021, its highest point during the period analyzed.
Subsequently, the ROA exhibited some volatility, with fluctuations in the range of 8.41% to 10.94% up until September 2022. There was a significant increase in the ROA in the first half of 2023, reaching 22.37% by March 2024, the highest level observed in the data provided.
However, the ROA dropped to 7.81% by December 2024, indicating a decline in the company's asset utilization efficiency. It is essential to analyze the factors contributing to these fluctuations to gain a deeper understanding of Johnson & Johnson's financial performance.
Peer comparison
Dec 31, 2024