Qualcomm Incorporated (QCOM)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	10,142,000	8,712,000	8,386,000	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
Total assets	US$ in thousands	55,154,000	52,741,000	53,167,000	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
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%

September 30, 2024 calculation

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

Qualcomm Incorporated's return on assets (ROA) has shown fluctuations over the past years. The ROA was relatively stable between 2019 and 2021, ranging from 8.49% to 14.60%. However, in recent periods, the ROA has experienced an upward trend, reaching 18.39% as of September 30, 2024. This could indicate improved asset utilization and efficiency in generating profits. Overall, the increasing trend in ROA suggests that Qualcomm has been effectively managing its assets to generate higher returns for its shareholders.