Return on Assets (ROA)
since 2008
Calculation
Activision Blizzard Inc., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss)1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 5.53% | = | 100 | × | 1,513) | ÷ | 27,383) |
| Dec 31, 2021 | 10.77% | = | 100 | × | 2,699) | ÷ | 25,056) |
| Dec 31, 2020 | 9.51% | = | 100 | × | 2,197) | ÷ | 23,109) |
| Dec 31, 2019 | 7.57% | = | 100 | × | 1,503) | ÷ | 19,845) |
| Dec 31, 2018 | 10.17% | = | 100 | × | 1,813) | ÷ | 17,835) |
| Dec 31, 2017 | 1.46% | = | 100 | × | 273) | ÷ | 18,668) |
| Dec 31, 2016 | 5.54% | = | 100 | × | 966) | ÷ | 17,452) |
| Dec 31, 2015 | 5.85% | = | 100 | × | 892) | ÷ | 15,251) |
| Dec 31, 2014 | 5.66% | = | 100 | × | 835) | ÷ | 14,746) |
| Dec 31, 2013 | 7.21% | = | 100 | × | 1,010) | ÷ | 14,012) |
| Dec 31, 2012 | 8.09% | = | 100 | × | 1,149) | ÷ | 14,200) |
| Dec 31, 2011 | 8.17% | = | 100 | × | 1,085) | ÷ | 13,277) |
| Dec 31, 2010 | 3.12% | = | 100 | × | 418) | ÷ | 13,406) |
| Dec 31, 2009 | 0.82% | = | 100 | × | 113) | ÷ | 13,742) |
| Dec 31, 2008 | -0.73% | = | 100 | × | (107) | ÷ | 14,701) |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
1 US$ in millions
The financial data exhibits several notable trends in net income, total assets, and return on assets (ROA) over the period from 2008 to 2022.
- Net Income (Loss)
- The net income demonstrated significant volatility during the analyzed years. It began with a loss of $107 million in 2008, followed by a substantial recovery to positive figures in subsequent years, peaking multiple times. Major peaks include $1,085 million in 2011 and $2,197 million in 2020. Despite these peaks, net income showed fluctuations with a considerable drop to $273 million in 2017 and again declined to $1,513 million in 2022 after reaching its highest level of $2,699 million in 2021.
- Total Assets
- Total assets showed a generally upward trend across the period. Starting at $14,701 million in 2008, assets experienced slight declines and fluctuations in the early years, reaching a low point around 2011 at $13,277 million. From 2012 onwards, total assets increased steadily, with notable acceleration after 2017, reaching $27,383 million by 2022. This indicates a consistent expansion in asset base over the long term.
- Return on Assets (ROA)
- The ROA mirrored the variability seen in net income but maintained positive performance after the initial loss year. Starting at -0.73% in 2008, it rose to over 8% in 2011 and maintained robust levels though with some fluctuations, staying generally between 5.5% and 10.7% through much of the period. The peak ROA was 10.77% in 2021, followed by a decline to 5.53% in 2022, suggesting variable efficiency in asset utilization correlating with net income trends.
Overall, the data indicates that the entity recovered strongly from initial losses, expanded its asset base consistently, and maintained satisfactory profitability metrics with fluctuations likely tied to operational or market influences. The dip in profitability in the last reported year may warrant closer examination for underlying causes.
Comparison to Competitors
Activision Blizzard Inc., ROA, long-term trends, comparison to competitors
| Activision Blizzard Inc. | Alphabet Inc. | Comcast Corp. | Meta Platforms Inc. | Netflix Inc. | Take-Two Interactive Software Inc. | Walt Disney Co. | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2022 | 5.53% | 16.42% | 2.09% | 12.49% | 9.24% | 6.39% | 1.54% |
| Dec 31, 2021 | 10.77% | 21.16% | 5.13% | 23.72% | 11.48% | 9.77% | 0.98% |
| Dec 31, 2020 | 9.51% | 12.60% | 3.85% | 18.29% | 7.03% | 8.17% | -1.42% |
| Dec 31, 2019 | 7.57% | 12.45% | 4.96% | 13.86% | 5.49% | 7.87% | 5.70% |
| Dec 31, 2018 | 10.17% | 13.20% | 4.66% | 22.72% | 4.66% | 4.64% | 12.78% |
| Dec 31, 2017 | 1.46% | 6.42% | 12.15% | 18.85% | 2.94% | 2.14% | 9.37% |
| Dec 31, 2016 | 5.54% | 11.63% | 4.82% | 15.73% | 1.37% | -0.32% | 10.20% |
| Dec 31, 2015 | 5.85% | 11.09% | 4.90% | 7.46% | 1.20% | -12.53% | 9.51% |
| Dec 31, 2014 | 5.66% | 11.01% | 5.26% | 7.32% | 3.78% | 20.09% | 8.91% |
| Dec 31, 2013 | 7.21% | 11.65% | 4.29% | 8.38% | 2.08% | -2.31% | 7.55% |
| Dec 31, 2012 | 8.09% | 11.45% | 3.76% | 0.35% | 0.43% | -9.47% | 7.59% |
| Dec 31, 2011 | 8.17% | 13.42% | 2.64% | — | 7.37% | 4.99% | 6.66% |
| Dec 31, 2010 | 3.12% | 14.70% | 3.07% | — | 16.38% | -14.65% | 5.73% |
| Dec 31, 2009 | 0.82% | 16.10% | 3.23% | — | 17.04% | -13.68% | 5.24% |
| Dec 31, 2008 | -0.73% | 13.31% | 2.25% | — | 13.44% | 8.96% | 7.08% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Sector (Media & Entertainment)
Activision Blizzard Inc., ROA, long-term trends, comparison to sector (media & entertainment)
| Activision Blizzard Inc. | Media & Entertainment | |
|---|---|---|
| Dec 31, 2022 | 5.53% | 9.05% |
| Dec 31, 2021 | 10.77% | 13.01% |
| Dec 31, 2020 | 9.51% | 8.04% |
| Dec 31, 2019 | 7.57% | 8.75% |
| Dec 31, 2018 | 10.17% | 11.06% |
| Dec 31, 2017 | 1.46% | 10.38% |
| Dec 31, 2016 | 5.54% | 9.20% |
| Dec 31, 2015 | 5.85% | 7.85% |
| Dec 31, 2014 | 5.66% | 8.00% |
| Dec 31, 2013 | 7.21% | 7.31% |
| Dec 31, 2012 | 8.09% | 6.38% |
| Dec 31, 2011 | 8.17% | 6.19% |
| Dec 31, 2010 | 3.12% | 6.52% |
| Dec 31, 2009 | 0.82% | 6.17% |
| Dec 31, 2008 | -0.73% | 5.45% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).
Comparison to Industry (Communication Services)
Activision Blizzard Inc., ROA, long-term trends, comparison to industry (communication services)
| Activision Blizzard Inc. | Communication Services | |
|---|---|---|
| Dec 31, 2022 | 5.53% | 5.43% |
| Dec 31, 2021 | 10.77% | 8.37% |
| Dec 31, 2020 | 9.51% | 4.70% |
| Dec 31, 2019 | 7.57% | 6.31% |
| Dec 31, 2018 | 10.17% | 7.37% |
| Dec 31, 2017 | 1.46% | 9.20% |
| Dec 31, 2016 | 5.54% | 6.11% |
| Dec 31, 2015 | 5.85% | 5.83% |
| Dec 31, 2014 | 5.66% | 4.97% |
| Dec 31, 2013 | 7.21% | 5.86% |
| Dec 31, 2012 | 8.09% | 3.61% |
| Dec 31, 2011 | 8.17% | 3.14% |
| Dec 31, 2010 | 3.12% | 5.24% |
| Dec 31, 2009 | 0.82% | 4.15% |
| Dec 31, 2008 | -0.73% | 4.53% |
Based on: 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31).