Qualcomm Incorporated (QCOM)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,232,000 | 12,936,000 | 9,043,000 | 5,198,000 | 4,386,000 |
| Total assets | US$ in thousands | 51,040,000 | 49,014,000 | 41,240,000 | 35,594,000 | 32,957,000 |
| ROA | 14.17% | 26.39% | 21.93% | 14.60% | 13.31% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $7,232,000K ÷ $51,040,000K
= 14.17%
Qualcomm Incorporated's return on assets (ROA) has fluctuated over the past five years, ranging from 13.31% in 2019 to 26.39% in 2022. The ROA for the most recent fiscal year ending on September 30, 2023, stands at 14.17%. This indicates that for every dollar of assets Qualcomm holds, it generated a profit of 14.17 cents in the latest fiscal year. The decreasing trend from 2022 to 2023 suggests a potential decline in profitability relative to the previous year. It is important for Qualcomm to closely monitor and analyze the factors affecting its ROA to ensure efficient utilization of assets and sustained profitability in the future.
Peer comparison
Sep 30, 2023