TE Connectivity Ltd (TEL)
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 | 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 | 1,844,000 | 3,133,000 | 2,830,000 |
| 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 |
| ROA | 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% | 9.36% | 15.86% | 14.69% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $3,316,000K ÷ $23,071,000K
= 14.37%
TE Connectivity Ltd's return on assets (ROA) has displayed fluctuations over the past several quarters. The ROA increased from 14.69% in Q1 2019 to 15.86% in Q2 2019 before decreasing in subsequent quarters. It reached its lowest point at -1.25% in Q3 2020 and then showed a gradual recovery, with the latest reported ROA at 14.37% in Q4 2023.
Overall, the trend in ROA indicates variability in the company's ability to generate profits relative to its total assets. The recent increase in ROA suggests an improvement in asset utilization efficiency, though it is vital to monitor if this trend can be sustained over the coming quarters to ensure continued profitability and effective asset management within the company.
Peer comparison
Dec 31, 2023