McDonald’s Corporation (MCD)

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	8,468,800	8,333,200	7,997,700	6,875,300	6,177,400	5,912,800	6,081,100	7,112,400	7,545,200	7,283,600	6,896,300	5,160,800	4,730,500	4,925,500	4,770,800	5,803,900	6,025,400	5,868,500	5,897,900	5,877,300
Total assets	US$ in thousands	56,146,800	52,089,300	50,442,000	52,014,400	50,435,600	48,501,600	49,247,800	50,877,700	53,854,300	52,727,000	51,893,100	51,103,100	52,626,800	50,699,300	49,938,900	50,568,000	47,510,800	45,805,000	46,199,800	46,466,600
ROA		15.08%	16.00%	15.86%	13.22%	12.25%	12.19%	12.35%	13.98%	14.01%	13.81%	13.29%	10.10%	8.99%	9.72%	9.55%	11.48%	12.68%	12.81%	12.77%	12.65%

December 31, 2023 calculation

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

The return on assets (ROA) of McDonald's Corp has shown a consistent positive trend over the past eight quarters, ranging from 12.19% to 16.00%. This indicates the company's ability to generate earnings from its assets efficiently. The higher ROA values in the more recent quarters suggest improved asset utilization and profitability. Overall, McDonald's Corp's ROA performance reflects solid operational efficiency and effective management of its asset base during the analyzed period.