Qualcomm Incorporated (QCOM)
Profitability ratios
Return on sales
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 56.22% | 55.90% | 55.80% | 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% |
| Operating profit margin | 25.85% | 23.83% | 23.35% | 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% |
| Pretax margin | 26.61% | 24.23% | 23.55% | 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% |
| Net profit margin | 26.03% | 23.33% | 23.03% | 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% |
Qualcomm Incorporated has shown a consistent gross profit margin over recent quarters, ranging from 55.80% to 56.46%. This indicates the company effectively manages its cost of goods sold. The operating profit margin has fluctuated noticeably, with a range from 21.74% to 35.88%, suggesting variability in operating expenses and efficiency in generating operating profits. The pretax margin has demonstrated a similar trend, indicating the company's ability to manage its pre-tax income relative to revenue.
The net profit margin has also fluctuated, ranging from 20.19% to 30.52%, reflecting variability in the company's bottom-line profitability after accounting for all expenses and taxes. Overall, Qualcomm has maintained healthy profitability ratios, with net profit margins generally in the range of 20% to 30%, indicating a sound financial performance despite some fluctuations in recent quarters.
Return on investment
| 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 return on assets (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% |
| Return on assets (ROA) | 18.39% | 16.52% | 15.77% | 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% |
| Return on total capital | 27.98% | 25.32% | 23.60% | 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% |
| Return on equity (ROE) | 38.60% | 35.31% | 34.27% | 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% |
Qualcomm Incorporated has displayed consistent profitability over the past few quarters based on the analyzed profitability ratios.
1. Operating return on assets (Operating ROA) has shown a generally increasing trend, indicating that the company is efficiently generating profits from its assets over time. The current Operating ROA of 18.26% reflects a strong operational performance.
2. Return on assets (ROA) has also demonstrated a positive pattern, with an upward trajectory. This ratio signifies Qualcomm's ability to generate profits from its total assets, and the latest ROA of 18.39% points towards effective asset utilization.
3. The return on total capital has consistently been high, suggesting that Qualcomm is delivering substantial returns to both equity and debt holders. The latest ratio of 27.98% indicates the company's ability to generate significant profits in relation to its total invested capital.
4. Return on equity (ROE) reflects the return available to shareholders after all expenses. Qualcomm's ROE has fluctuated but remains at an impressive level, with the most recent ratio of 38.60% indicating strong profitability and efficiency in utilizing shareholders' equity.
In conclusion, Qualcomm Incorporated's profitability ratios illustrate a solid financial performance, highlighting the company's ability to generate profits efficiently and effectively across its operations and capital structure.