TE Connectivity Ltd (TEL)
Return on assets (ROA)
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 3,193,000 | 3,469,000 | 3,424,000 | 3,316,000 | 1,910,000 | 2,066,000 | 2,132,000 | 2,259,000 | 2,428,000 | 2,514,000 | 2,500,000 | 2,446,000 | 2,261,000 | 1,697,000 | 1,076,000 | 114,000 | -241,000 | -99,000 | 699,000 | 1,594,000 |
| Total assets | US$ in thousands | 22,854,000 | 22,898,000 | 22,824,000 | 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 |
| ROA | 13.97% | 15.15% | 15.00% | 14.37% | 8.80% | 9.52% | 9.92% | 10.58% | 11.68% | 11.78% | 11.65% | 11.43% | 10.53% | 8.06% | 5.13% | 0.56% | -1.25% | -0.53% | 3.61% | 7.98% |
September 30, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,193,000K ÷ $22,854,000K
= 13.97%
TE Connectivity Ltd's return on assets (ROA) has exhibited fluctuations over the past few years. The ROA has shown an upward trend from the end of 2019 to the middle of 2024, with values ranging from -1.25% to a peak of 15.15%. The company's ability to generate profits from its assets improved significantly until mid-2024.
The ROA reached a low point in late 2019 and early 2020, indicating a period of below-average efficiency in asset utilization and profitability. Subsequently, there was a notable recovery in ROA, suggesting that management took steps to improve the efficiency of asset deployment and generate higher returns.
Overall, the recent ROA figures above 10% indicate that TE Connectivity Ltd has been effective in generating profits relative to its assets. However, continued monitoring of ROA trends will be crucial to assess the sustainability of this performance and evaluate the company's overall financial health.
Peer comparison
Sep 30, 2024