Qualcomm Incorporated (QCOM)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 8,251,000 | 7,788,000 | 10,044,000 | 12,693,000 | 14,461,000 | 15,860,000 | 15,096,000 | 12,819,000 | 11,127,000 | 9,789,000 | 10,339,000 | 8,926,000 | 7,751,000 | 6,255,000 | 3,504,000 | 8,039,000 | 7,988,000 | 7,668,000 | 6,288,000 | 1,874,000 |
| Total assets | US$ in thousands | 52,135,000 | 51,040,000 | 49,002,000 | 48,362,000 | 50,014,000 | 49,014,000 | 47,020,000 | 44,302,000 | 42,820,000 | 41,240,000 | 38,769,000 | 37,168,000 | 37,479,000 | 35,594,000 | 32,328,000 | 31,938,000 | 33,111,000 | 32,957,000 | 34,133,000 | 34,023,000 |
| Operating ROA | 15.83% | 15.26% | 20.50% | 26.25% | 28.91% | 32.36% | 32.11% | 28.94% | 25.99% | 23.74% | 26.67% | 24.02% | 20.68% | 17.57% | 10.84% | 25.17% | 24.12% | 23.27% | 18.42% | 5.51% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $8,251,000K ÷ $52,135,000K
= 15.83%
The operating return on assets (ROA) for Qualcomm Incorporated has shown fluctuations over the past few quarters.
- The ROA started at 5.51% in the first quarter of 2019 and experienced a consistent upward trend until reaching its peak at 32.36% in the third quarter of 2022.
- However, there was a decline in the operating ROA in recent quarters, dropping to 15.83% in the fourth quarter of 2023. This downward trend indicates potential challenges in generating earnings from its assets.
- Despite the recent fluctuations, Qualcomm has generally maintained a relatively healthy level of operating ROA, indicating the company's ability to efficiently utilize its assets to generate operating income.
Further qualitative analysis would be needed to understand the specific reasons for the changes in Qualcomm's operating ROA and assess its long-term implications for the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023