Qualcomm Incorporated (QCOM)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	7,764,000	7,232,000	8,615,000	10,542,000	11,772,000	12,936,000	12,861,000	11,158,000	9,986,000	9,042,000	9,204,000	8,022,000	6,728,000	5,198,000	2,744,000	4,048,000	4,243,000	4,386,000	3,367,000	2,420,000
Total assets	US$ in thousands	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	32,957,000	34,133,000	34,023,000
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%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $7,764,000K ÷ $52,135,000K
= 14.89%

Qualcomm Incorporated's Return on Assets (ROA) has shown fluctuations over the past years, ranging from 7.11% to 27.35%. The ROA indicates the company's efficiency in generating profits relative to its total assets.

From Dec 31, 2019, to Mar 31, 2020, the ROA was relatively low, likely due to operational challenges or economic factors. However, from Mar 31, 2020, to Jun 30, 2022, Qualcomm experienced a gradual improvement in ROA, reaching a peak of 27.35% on Sep 30, 2022. This upward trend suggests enhanced asset utilization or profitability.

Subsequently, from Dec 31, 2022, to Mar 31, 2023, there was a slight decline in ROA, indicating potential challenges in asset efficiency or profitability. However, the ROA surged to 21.80% on Mar 31, 2023, signifying a more effective utilization of assets.

Overall, Qualcomm's ROA indicates a generally positive trend with occasional fluctuations. Investors and stakeholders should continue monitoring Qualcomm's asset management and profitability strategies to assess its long-term financial performance.