NVIDIA Corporation (NVDA)
Return on assets (ROA)
| Jan 28, 2024 | Oct 29, 2023 | Jul 30, 2023 | Apr 30, 2023 | Jan 29, 2023 | Oct 30, 2022 | Jul 31, 2022 | May 1, 2022 | Jan 30, 2022 | Oct 31, 2021 | Aug 1, 2021 | May 2, 2021 | Jan 31, 2021 | Oct 25, 2020 | Jul 26, 2020 | Apr 26, 2020 | Jan 26, 2020 | Oct 27, 2019 | Jul 28, 2019 | Apr 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 29,759,000 | 18,888,000 | 10,325,000 | 4,793,000 | 4,368,000 | 5,957,000 | 7,741,000 | 9,459,000 | 9,753,000 | 8,207,000 | 7,079,000 | 5,327,000 | 4,332,000 | 3,825,000 | 3,388,000 | 3,318,000 | 2,795,000 | 2,412,000 | 2,743,000 | 3,292,000 |
| Total assets | US$ in thousands | 65,728,000 | 54,148,000 | 49,555,000 | 44,460,000 | 41,182,000 | 40,488,000 | 43,476,000 | 45,212,000 | 44,187,000 | 40,632,000 | 38,650,000 | 30,796,000 | 28,791,000 | 26,881,000 | 25,180,000 | 23,254,000 | 17,315,000 | 15,810,000 | 14,775,000 | 14,021,000 |
| ROA | 45.28% | 34.88% | 20.84% | 10.78% | 10.61% | 14.71% | 17.81% | 20.92% | 22.07% | 20.20% | 18.32% | 17.30% | 15.05% | 14.23% | 13.46% | 14.27% | 16.14% | 15.26% | 18.57% | 23.48% |
January 28, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $29,759,000K ÷ $65,728,000K
= 45.28%
To analyze NVIDIA Corp's return on assets (ROA) over the past eight quarters, we observe a fluctuation in ROA values. In Q4 2024, the ROA stood at 45.28%, significantly higher than the ROA values of the preceding quarters. This indicates a strong performance in generating profits relative to the company's asset base.
In Q3 2024, the ROA was 34.88%, showcasing a decrease from the previous quarter but still maintaining a relatively high return on assets. The ROA dropped further in Q2 2024 to 20.84%, suggesting a reduced efficiency in utilizing assets to generate profits.
The ROA saw a considerable decline in Q1 2024 to 10.78%, which was notably lower than the ROA values from the previous quarters. This decrease may indicate challenges in generating earnings from the company's asset investments.
Comparing the most recent data to Q4 2023, where the ROA was 10.61%, there has been a substantial improvement in the company's asset utilization efficiency. However, the ROA was notably higher in the earlier quarters of 2023, with values ranging from 14.71% to 20.92%.
Overall, while NVIDIA Corp's ROA has shown fluctuations over the past eight quarters, the company demonstrated strong performance in Q4 2024, with a sharp increase in return on assets compared to the previous quarters. It is essential for investors and stakeholders to monitor future ROA trends to assess the company's profitability and asset management efficiency effectively.
Peer comparison
Jan 28, 2024