Meta Platforms Inc. (META)
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 | 39,097,000 | 29,733,000 | 22,545,000 | 21,444,000 | 23,200,000 | 28,832,000 | 33,631,000 | 37,338,000 | 39,370,000 | 40,304,000 | 38,956,000 | 33,740,000 | 29,145,000 | 25,275,000 | 23,520,000 | 20,958,000 | 18,485,000 | 18,018,000 | 17,064,000 | 19,554,000 |
| Total assets | US$ in thousands | 229,623,000 | 216,274,000 | 206,688,000 | 184,491,000 | 185,727,000 | 178,894,000 | 169,779,000 | 164,218,000 | 165,987,000 | 169,585,000 | 170,609,000 | 163,523,000 | 159,316,000 | 146,437,000 | 139,691,000 | 138,371,000 | 133,376,000 | 124,418,000 | 117,006,000 | 109,477,000 |
| ROA | 17.03% | 13.75% | 10.91% | 11.62% | 12.49% | 16.12% | 19.81% | 22.74% | 23.72% | 23.77% | 22.83% | 20.63% | 18.29% | 17.26% | 16.84% | 15.15% | 13.86% | 14.48% | 14.58% | 17.86% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $39,097,000K ÷ $229,623,000K
= 17.03%
Meta Platforms Inc's Return on Assets (ROA) has been fluctuating over the past eight quarters, ranging from a high of 22.74% in Q1 2022 to a low of 10.91% in Q2 2023. The company's ROA for Q4 2023 improved to 17.03%, showing a positive trend compared to the previous quarter.
The declining trend from Q1 2022 to Q2 2023 indicates that Meta Platforms Inc may have experienced challenges in generating profits relative to its total assets during that period. The peak in Q1 2022 suggests that the company was more efficient in utilizing its assets to generate profits at that time.
Overall, while the recent increase in ROA for Q4 2023 is a positive sign, it would be important to monitor future quarters to see if this improvement is sustained or if there are underlying factors affecting Meta Platforms Inc's profitability and asset utilization.
Peer comparison
Dec 31, 2023