T-Mobile US Inc (TMUS)
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 | 14,266,000 | 6,543,000 | 6,892,000 | 6,636,000 | 5,722,000 |
| Total assets | US$ in thousands | 207,682,000 | 211,338,000 | 206,563,000 | 200,162,000 | 86,921,000 |
| Operating ROA | 6.87% | 3.10% | 3.34% | 3.32% | 6.58% |
December 31, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $14,266,000K ÷ $207,682,000K
= 6.87%
T-Mobile US Inc's operating return on assets (operating ROA) has shown fluctuations over the past five years. In 2023, the operating ROA increased to 6.86%, a significant improvement from the prior year. This indicates that the company generated $0.0686 in operating income for every dollar of assets it held in 2023.
Comparing this to previous years, we observe a general trend of variability in the operating ROA. In 2022, the operating ROA was 3.84%, slightly lower than in 2021 (3.34%) but higher than in 2020 (3.52%). The most significant deviation from the trend was seen in 2019, where the operating ROA was substantially higher at 6.58%.
Overall, T-Mobile US Inc's operating ROA has experienced fluctuations, but the latest data suggests an improvement in the company's ability to generate operating income from its assets in 2023. Further analysis of the company's operational efficiency and asset utilization may provide insights into the factors driving these fluctuations.