AT&T Inc (T)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,400,000 | -8,524,000 | 20,081,000 | -5,176,000 | 13,903,000 |
| Total assets | US$ in thousands | 407,060,000 | 402,853,000 | 551,622,000 | 525,761,000 | 551,669,000 |
| ROA | 3.54% | -2.12% | 3.64% | -0.98% | 2.52% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $14,400,000K ÷ $407,060,000K
= 3.54%
The return on assets (ROA) for AT&T, Inc. has shown significant fluctuations over the past five years. In 2023, the ROA stands at 3.49%, indicating an improvement compared to the previous year's negative ROA of -2.17% in 2022. The positive ROA in 2023 suggests that the company is generating a modest return on its assets.
Looking further back, the ROA was 3.60% in 2021, which was a higher return compared to 2020 when the ROA was -1.02%. The positive ROA in 2021 indicates that the company was utilizing its assets efficiently to generate earnings. In 2019, the ROA was 2.52%, also reflecting a favorable return on assets.
Overall, the trend in AT&T, Inc.'s ROA has been somewhat volatile, with both positive and negative returns over the past five years. It is essential for investors and stakeholders to closely monitor the company's asset utilization and profitability to assess its financial performance and sustainability.
Peer comparison
Dec 31, 2023