TE Connectivity Ltd (TEL)
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 | 2,500,000 | 2,304,000 | 2,329,000 | 2,418,000 | 2,586,000 | 2,756,000 | 2,756,000 | 2,751,000 | 2,658,000 | 2,434,000 | 2,121,000 | 1,541,000 | 514,000 | 537,000 | 634,000 | 1,020,000 | 1,965,000 | 1,978,000 | 2,104,000 | 2,138,000 |
| Total assets | US$ in thousands | 23,071,000 | 21,712,000 | 21,701,000 | 21,490,000 | 21,353,000 | 20,782,000 | 21,348,000 | 21,451,000 | 21,409,000 | 21,462,000 | 21,058,000 | 20,967,000 | 20,266,000 | 19,242,000 | 18,840,000 | 19,367,000 | 19,976,000 | 19,694,000 | 19,748,000 | 19,262,000 |
| Operating ROA | 10.84% | 10.61% | 10.73% | 11.25% | 12.11% | 13.26% | 12.91% | 12.82% | 12.42% | 11.34% | 10.07% | 7.35% | 2.54% | 2.79% | 3.37% | 5.27% | 9.84% | 10.04% | 10.65% | 11.10% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,500,000K ÷ $23,071,000K
= 10.84%
TE Connectivity Ltd's operating return on assets (ROA) has shown fluctuations over the past five years, with a general downward trend in recent periods. The operating ROA has ranged from a low of 2.54% in December 2020 to a high of 13.26% in September 2022.
From March 2019 to March 2020, operating ROA fluctuated between 5.27% and 9.84%, indicating relative stability. However, a significant decline was observed in the following quarters, reaching a low of 2.54% in December 2020.
Subsequently, TE Connectivity Ltd's operating ROA experienced a gradual recovery, reaching a peak of 12.11% in December 2022. Despite this improvement, the trend reversed, with the operating ROA decreasing to 10.84% by the end of December 2023.
Overall, TE Connectivity Ltd's operating ROA demonstrates variability, suggesting potential shifts in operational efficiency and profitability. It is essential for stakeholders to closely monitor these fluctuations and assess the company's performance relative to industry benchmarks and peers.
Peer comparison
Dec 31, 2023