Qualcomm Incorporated (QCOM)
Operating return on assets (Operating ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 7,788,000 | 15,860,000 | 9,789,000 | 6,255,000 | 7,667,000 |
| Total assets | US$ in thousands | 51,040,000 | 49,014,000 | 41,240,000 | 35,594,000 | 32,957,000 |
| Operating ROA | 15.26% | 32.36% | 23.74% | 17.57% | 23.26% |
September 30, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $7,788,000K ÷ $51,040,000K
= 15.26%
Qualcomm Incorporated's operating return on assets (ROA) has shown fluctuations over the past five years. The operating ROA decreased from 23.26% in 2019 to 17.57% in 2020, representing a decline in profitability generated from its operating activities relative to its total assets. However, there was an improvement in 2021 with the operating ROA increasing to 23.74%, indicating a more efficient utilization of assets to generate operating income. In 2022, there was a significant jump to 32.36%, signifying a strong performance in generating operating profits relative to its asset base. The most recent data for 2023 shows a decline in operating ROA to 15.26%, possibly signaling a decrease in operational efficiency or a change in business dynamics. It is essential for Qualcomm to monitor and analyze the underlying factors driving these fluctuations in operating ROA to optimize its asset utilization and enhance overall profitability.
Peer comparison
Sep 30, 2023