AT&T Inc (T)

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	14,400,000	-11,305,000	-8,774,000	-9,106,000	-8,524,000	20,036,000	19,928,000	17,341,000	20,081,000	1,155,000	-1,947,000	-2,236,000	-5,176,000	11,101,000	11,985,000	14,417,000	13,903,000	16,367,000	17,385,000	18,804,000
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
ROA		3.54%	-2.78%	-2.15%	-2.27%	-2.12%	4.70%	4.67%	3.00%	3.64%	0.21%	-0.36%	-0.41%	-0.98%	2.06%	2.19%	2.64%	2.52%	2.98%	3.18%	3.43%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $14,400,000K ÷ $407,060,000K
= 3.54%

AT&T Inc.'s return on assets (ROA) fluctuated over the past eight quarters, ranging from a high of 4.65% in Q3 2022 to a low of -2.83% in Q3 2023. In general, the ROA trend shows variability over time, indicating fluctuations in the company's profitability in relation to its total assets. The positive ROA values in Q2 and Q3 2022 suggest that the company was generating profits from its assets, while the negative ROA values in Q1, Q2, and Q3 2023 indicate a period of lower profitability relative to its asset base. This could be attributed to various factors, such as changes in revenue, cost management, asset efficiency, or macroeconomic conditions impacting the business. It is essential for investors and stakeholders to closely monitor these fluctuations in ROA to assess the company's financial performance and asset utilization efficiency.