Qualcomm Incorporated (QCOM)
Operating return on assets (Operating ROA)
| Sep 30, 2024 | Jun 23, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 10,071,000 | 8,899,000 | 8,501,000 | 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 |
| Total assets | US$ in thousands | 55,154,000 | 52,741,000 | 53,167,000 | 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 |
| Operating ROA | 18.26% | 16.87% | 15.99% | 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% |
September 30, 2024 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $10,071,000K ÷ $55,154,000K
= 18.26%
Qualcomm Incorporated's operating return on assets (ROA) has exhibited fluctuations over the historical period provided. The operating ROA ranged from a low of 10.84% in the fourth quarter of 2019 to a high of 32.36% in the third quarter of 2022.
The trend of Qualcomm's operating ROA shows a general upward trajectory from the fourth quarter of 2019 to the third quarter of 2022, with occasional fluctuations. Notably, there was a peak in the third quarter of 2022 followed by a slight decline in subsequent quarters.
The operating ROA indicates the company's ability to generate operating income relative to its total assets. A higher ROA suggests that Qualcomm is effectively utilizing its assets to generate profits from its core business operations.
It is essential for investors and stakeholders to monitor these fluctuations in operating ROA to gain insights into Qualcomm's operational efficiency and asset management practices over time. Additionally, evaluating the reasons behind the fluctuations can provide further understanding of the company's performance and strategic decisions.
Peer comparison
Sep 30, 2024