Qualcomm Incorporated (QCOM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 55.54% | 55.70% | 56.31% | 56.46% | 57.22% | 57.84% | 57.99% | 58.51% | 58.16% | 57.51% | 59.81% | 59.99% | 60.16% | 60.67% | 56.96% | 65.07% | 65.22% | 64.57% | 63.03% | 54.16% |
| Operating profit margin | 22.74% | 21.74% | 26.03% | 30.91% | 33.66% | 35.88% | 35.82% | 32.65% | 30.88% | 29.16% | 31.74% | 30.35% | 29.04% | 26.58% | 17.52% | 32.49% | 32.59% | 31.59% | 24.92% | 8.85% |
| Pretax margin | 21.83% | 20.48% | 24.56% | 28.95% | 31.23% | 33.82% | 35.15% | 32.68% | 32.01% | 30.61% | 31.61% | 30.29% | 27.64% | 24.30% | 15.14% | 30.96% | 32.10% | 30.82% | 24.04% | 7.08% |
| Net profit margin | 21.39% | 20.19% | 22.33% | 25.67% | 27.40% | 29.27% | 30.52% | 28.42% | 27.71% | 26.94% | 28.25% | 27.28% | 25.21% | 22.09% | 13.72% | 16.36% | 17.31% | 18.07% | 13.34% | 11.43% |
Qualcomm Incorporated's profitability ratios have displayed some fluctuations over the past few quarters. The gross profit margin has shown a declining trend since the beginning of 2020, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold.
On the other hand, the operating profit margin experienced relatively high volatility but generally followed an increasing trend from the first quarter of 2020 to the first quarter of 2023, suggesting that Qualcomm has been able to effectively manage its operating expenses to generate operating income.
Similarly, the pretax margin and net profit margin have both demonstrated some variability, reflecting the company's ability to generate profits before and after accounting for taxes, respectively. Notably, both profitability ratios have shown improvement from the low levels observed in late 2020, indicating potential enhancements in Qualcomm's overall operational efficiency and/or revenue generation.
Overall, Qualcomm's profitability ratios reflect a mix of trends, with the company showcasing resilience in maintaining operational profitability amidst changing market dynamics and competitive pressures. However, it would be important to continue monitoring these ratios to assess Qualcomm's ongoing financial performance and sustainability over time.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 14.89% | 14.17% | 17.58% | 21.80% | 23.54% | 26.39% | 27.35% | 25.19% | 23.32% | 21.93% | 23.74% | 21.58% | 17.95% | 14.60% | 8.49% | 12.67% | 12.81% | 13.31% | 9.86% | 7.11% |
| Return on total capital | 22.60% | 22.27% | 28.51% | 35.79% | 40.70% | 48.93% | 51.59% | 46.42% | 42.83% | 45.80% | 43.22% | 39.54% | 31.79% | 29.68% | 19.29% | 41.85% | 40.20% | 44.19% | 35.74% | 11.60% |
| Return on equity (ROE) | 33.67% | 33.51% | 41.68% | 53.52% | 62.58% | 71.81% | 80.14% | 83.72% | 88.11% | 90.87% | 112.56% | 108.05% | 91.17% | 85.54% | 83.00% | 132.94% | 94.02% | 89.35% | 61.63% | 62.60% |
Qualcomm Incorporated has exhibited strong profitability ratios over the periods analyzed. The operating return on assets (Operating ROA) has shown a consistent upward trend, indicating the company's ability to generate operating profits efficiently relative to its total assets. The Return on assets (ROA) has also demonstrated a general positive trend, reflecting Qualcomm's overall ability to generate profits from its assets.
Furthermore, the Return on total capital and Return on equity (ROE) ratios have shown significant growth and are indicative of the company's ability to generate profits for both debt and equity holders. Qualcomm's ROE has especially shown robust performance, with consistently high percentages across the periods, suggesting strong returns for shareholders.
Overall, Qualcomm's profitability ratios highlight the company's effective management of assets and capital to generate profits, making it an attractive investment opportunity for stakeholders.