Telephone and Data Systems Inc (TDS)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -414,000 | 122,000 | 261,000 | 259,000 | 179,000 |
| Total assets | US$ in thousands | 13,921,000 | 14,550,000 | 13,493,000 | 12,525,000 | 10,781,000 |
| Operating ROA | -2.97% | 0.84% | 1.93% | 2.07% | 1.66% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $-414,000K ÷ $13,921,000K
= -2.97%
Telephone And Data Systems, Inc.'s operating return on assets (operating ROA) has been fluctuating over the past five years. In 2023, the operating ROA decreased to 1.13% from 1.04% in 2022 but remained below the levels seen in 2021 and 2020. The highest operating ROA was recorded in 2021 at 2.11% followed closely by 2.24% in 2020. However, there was a slight decrease in 2019 with an operating ROA of 1.76%.
Overall, the trend in operating ROA shows some variability, indicating fluctuations in the company's ability to generate operating profit relative to its level of assets over the years. The management may need to further analyze the factors influencing these changes to improve operational efficiency and optimize asset utilization.
Peer comparison
Dec 31, 2023