McDonald’s Corporation (MCD)

Return on assets (ROA)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 8,468,800 6,177,400 7,545,200 4,730,500 6,025,400
Total assets US$ in thousands 56,146,800 50,435,600 53,854,300 52,626,800 47,510,800
ROA 15.08% 12.25% 14.01% 8.99% 12.68%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $8,468,800K ÷ $56,146,800K
= 15.08%

McDonald`s Corp's return on assets (ROA) has shown a positive trend over the past five years. The company's ROA increased from 12.68% in 2019 to 15.08% in 2023, indicating a consistent improvement in the efficiency of asset utilization to generate profits. This suggests that McDonald's management has been effectively utilizing its assets to generate higher earnings. The ROA was relatively stable between 2021 and 2023, ranging from 14.01% to 15.08%, indicating consistent performance in asset management during this period. Overall, the increasing trend in ROA reflects the company's ability to generate profit relative to its total assets, which is a positive indicator of operational efficiency and profitability.


Peer comparison

Dec 31, 2023


See also:

McDonald’s Corporation Return on Assets (ROA)