TE Connectivity Ltd (TEL)
Return on assets (ROA)
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,910,000 | 2,428,000 | 2,261,000 | -241,000 | 1,844,000 |
| Total assets | US$ in thousands | 21,712,000 | 20,782,000 | 21,462,000 | 19,242,000 | 19,694,000 |
| ROA | 8.80% | 11.68% | 10.53% | -1.25% | 9.36% |
September 30, 2023 calculation
ROA = Net income ÷ Total assets
= $1,910,000K ÷ $21,712,000K
= 8.80%
TE Connectivity Ltd's return on assets (ROA) has exhibited some fluctuation over the past five years. In 2023, the ROA stands at 8.80%, showing a decrease compared to the previous year's figure of 11.68%. This decline suggests a slightly less efficient utilization of assets in generating profits. Looking back over the last five years, the company's ROA has generally been positive, indicating a consistent ability to generate earnings relative to its assets. The significant ROA of -1.25% in 2020 stands out as an anomaly, potentially reflecting challenges or adverse conditions faced by the company during that period. Overall, TE Connectivity Ltd's ROA performance demonstrates a history of effectively generating returns from its asset base, with some fluctuations in recent years.
Peer comparison
Sep 30, 2023