Motorola Solutions Inc (MSI)

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	1,709,000	1,702,000	1,517,000	1,374,000	1,363,000	1,175,000	1,203,000	1,268,000	1,245,000	1,256,000	1,154,000	996,000	949,000	781,000	843,000	915,000	869,000	1,048,000	1,028,000	1,001,000
Total assets	US$ in thousands	13,336,000	12,436,000	12,252,000	12,353,000	12,814,000	11,625,000	11,672,000	11,649,000	12,189,000	11,422,000	11,131,000	10,423,000	10,876,000	10,361,000	10,374,000	10,716,000	10,642,000	10,373,000	9,974,000	9,993,000
ROA		12.81%	13.69%	12.38%	11.12%	10.64%	10.11%	10.31%	10.89%	10.21%	11.00%	10.37%	9.56%	8.73%	7.54%	8.13%	8.54%	8.17%	10.10%	10.31%	10.02%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $1,709,000K ÷ $13,336,000K
= 12.81%

Motorola Solutions Inc's return on assets (ROA) has shown a generally positive trend over the past eight quarters. ROA has consistently improved from 10.64% in Q4 2022 to 12.81% in Q4 2023, indicating an upward trend in the company's ability to generate profits from its assets. This suggests that the company has been utilizing its assets more efficiently to generate earnings. Despite some fluctuations in ROA figures, the overall trajectory demonstrates a positive performance in terms of asset management and profitability. This steady improvement in ROA reflects positively on the company's operational efficiency and potential for sustainable growth.