Qualcomm Incorporated (QCOM)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	10,142,000	7,232,000	12,936,000	9,043,000	5,198,000
Total assets	US$ in thousands	55,154,000	51,040,000	49,014,000	41,240,000	35,594,000
ROA		18.39%	14.17%	26.39%	21.93%	14.60%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $10,142,000K ÷ $55,154,000K
= 18.39%

Qualcomm Incorporated's return on assets (ROA) has exhibited fluctuations over the past five years. The ROA was 18.39% in Sep 30, 2024, representing an increase from the previous year's 14.17%. This indicates that Qualcomm generated 18.39 cents of profit for every dollar of assets it possessed in 2024.

Comparing to historical data, Qualcomm's ROA was notably higher in 2022 at 26.39% and 2021 at 21.93%, indicating strong asset utilization and profitability during those years. However, the ROA dropped to 14.60% in 2020 before showing improvement in the following years.

Overall, Qualcomm's ROA has shown both strength and variability, reflecting the company's ability to effectively utilize its assets to generate profits. It is important for investors and analysts to further investigate the reasons behind these fluctuations to assess the company's financial performance and efficiency in utilizing its assets.