Verizon Communications Inc (VZ)

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	11,614,000	20,896,000	21,034,000	21,585,000	21,256,000	19,292,000	20,799,000	21,400,000	22,065,000	22,040,000	19,990,000	18,890,000	17,801,000	18,308,000	19,145,000	18,389,000	19,265,000	16,109,000	15,839,000	16,015,000
Total assets	US$ in thousands	380,255,000	384,830,000	379,955,000	377,716,000	379,680,000	375,090,000	370,147,000	365,716,000	366,596,000	353,457,000	349,190,000	345,573,000	316,481,000	296,994,000	293,259,000	294,500,000	291,727,000	284,875,000	283,108,000	283,947,000
ROA		3.05%	5.43%	5.54%	5.71%	5.60%	5.14%	5.62%	5.85%	6.02%	6.24%	5.72%	5.47%	5.62%	6.16%	6.53%	6.24%	6.60%	5.65%	5.59%	5.64%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $11,614,000K ÷ $380,255,000K
= 3.05%

Verizon Communications Inc's return on assets (ROA) has shown variability over the past eight quarters. The ROA has ranged from a low of 3.05% in Q4 2023 to a high of 5.85% in Q1 2022. The downward trend from Q1 to Q4 2023 may indicate potential challenges in asset utilization or profitability during that period. However, it is notable that ROA has generally remained above 5% over the past two years, suggesting efficient asset management and strong profitability overall. Further analysis and comparison with industry peers are recommended to gain a more comprehensive understanding of Verizon's performance in utilizing its assets to generate returns.