Microsoft Corporation (MSFT)

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	82,541,000	77,096,000	72,361,000	69,020,000	67,449,000	69,789,000	72,738,000	72,456,000	71,185,000	67,883,000	61,271,000	56,015,000	51,310,000	47,496,000	44,281,000	46,266,000	44,323,000	41,094,000	39,240,000	34,926,000
Total assets	US$ in thousands	470,558,000	445,785,000	411,976,000	380,088,000	364,552,000	359,784,000	364,840,000	344,607,000	340,389,000	335,418,000	333,779,000	308,879,000	304,137,000	301,001,000	301,311,000	285,449,000	282,794,000	278,955,000	286,556,000	263,281,000
ROA		17.54%	17.29%	17.56%	18.16%	18.50%	19.40%	19.94%	21.03%	20.91%	20.24%	18.36%	18.13%	16.87%	15.78%	14.70%	16.21%	15.67%	14.73%	13.69%	13.27%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $82,541,000K ÷ $470,558,000K
= 17.54%

Microsoft Corporation's return on assets (ROA) has shown a steady decline over the past eight quarters, dropping from 21.03% in March 2022 to 17.54% in December 2023. This decreasing trend suggests that the company's ability to generate profits from its assets has weakened. It is important for investors and stakeholders to monitor the reasons behind this downward trend and assess whether it is a result of operational inefficiencies, changes in the company's asset structure, or other external factors impacting its profitability. Further analysis of the company's financial statements and operations may provide insight into the underlying causes of this decline in ROA.