Motorola Solutions Inc (MSI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,709,000 | 1,363,000 | 1,245,000 | 949,000 | 868,000 |
| Total assets | US$ in thousands | 13,336,000 | 12,814,000 | 12,189,000 | 10,876,000 | 10,642,000 |
| ROA | 12.81% | 10.64% | 10.21% | 8.73% | 8.16% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $1,709,000K ÷ $13,336,000K
= 12.81%
Motorola Solutions Inc's return on assets (ROA) has shown a positive trend over the past five years. The ROA increased from 8.16% in 2019 to 12.81% in 2023, indicating the company's ability to generate more profit relative to its total assets. This improvement suggests that the company has become more efficient in utilizing its assets to generate earnings for its shareholders. The consistent growth in ROA reflects positively on the company's operational efficiency and overall financial performance. Overall, the increasing trend in ROA demonstrates a favorable financial position for Motorola Solutions Inc.
Peer comparison
Dec 31, 2023