AT&T Inc (T)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	23,461,000	-2,902,000	-2,672,000	-4,122,000	-4,587,000	21,399,000	21,624,000	24,240,000	25,897,000	12,225,000	12,120,000	8,080,000	8,372,000	22,471,000	24,240,000	28,208,000	27,955,000	28,794,000	28,162,000	27,128,000
Total assets	US$ in thousands	407,060,000	406,698,000	408,453,000	400,873,000	402,853,000	426,463,000	426,433,000	577,195,000	551,622,000	547,107,000	544,710,000	546,985,000	525,761,000	538,553,000	547,898,000	545,354,000	551,669,000	548,796,000	546,914,000	548,384,000
Operating ROA		5.76%	-0.71%	-0.65%	-1.03%	-1.14%	5.02%	5.07%	4.20%	4.69%	2.23%	2.23%	1.48%	1.59%	4.17%	4.42%	5.17%	5.07%	5.25%	5.15%	4.95%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $23,461,000K ÷ $407,060,000K
= 5.76%

AT&T, Inc.'s operating return on assets (ROA) has shown a generally increasing trend over the quarters, with an improvement from 4.54% in Q1 2022 to 6.06% in Q4 2023. This indicates that the company has been more effective in generating operating income relative to its total assets. However, there was a slight dip in Q2 2023 compared to the previous quarter. Overall, the increasing trend suggests improved operational efficiency and effectiveness in utilizing its assets to generate income. Nevertheless, it is essential for investors and stakeholders to monitor this metric closely to ensure sustained operational performance.