Stock Analysis on Net

Apple Inc. (NASDAQ:AAPL)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

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Calculation

Apple Inc., ROA, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).

1 US$ in millions

Net Income (Loss) Trends
The net income demonstrated a strong upward trajectory over the entire period. Starting from a modest value in 2005, it saw substantial growth, particularly notable between 2009 and 2011 where income nearly doubled. After peaking in 2012, there were fluctuations with a decline around 2013-2014, followed by a rebound leading to its highest levels during 2021 and 2022. The most recent years indicate a slight decrease but maintain high profitability compared to the early years.
Total Assets Trends
Total assets increased significantly throughout the period, reflecting sustained expansion and investment. Beginning at just over 11 billion USD, total assets grew steadily and accelerated particularly after 2007. This growth almost tripled from 2008 to 2012, followed by more moderate growth in subsequent years. After 2017, the total assets showed a plateauing pattern with minor incremental increases, maintaining a range over 350 billion USD in the latest years.
Return on Assets (ROA) Trends
ROA exhibited a general upward trend with fluctuations. Initial values hovered around 11-14% in the early years, rising sharply to a peak of nearly 24% in 2012. Post-2012, ROA experienced variability but stayed above 12%, with multiple rebounds leading to a peak close to 28% in 2021. The most recent figures indicate a slight decline but still represent strong asset profitability compared to the start of the period.
Overall Financial Performance Insights
The data reflects a company with robust growth in profitability and asset base over nearly two decades. While net income has some variability, its overall trend is markedly positive. The sharp increase in total assets accompanied by improving ROA suggests efficient utilization of assets in generating earnings. The slight declines in recent years in net income and ROA might indicate either strategic reinvestment, higher operating costs, or market pressures, warranting further qualitative analysis. Nonetheless, the company's financial health, as reflected in these key indicators, remains strong.

Comparison to Competitors

Apple Inc., ROA, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-09-28), 10-K (reporting date: 2023-09-30), 10-K (reporting date: 2022-09-24), 10-K (reporting date: 2021-09-25), 10-K (reporting date: 2020-09-26), 10-K (reporting date: 2019-09-28), 10-K (reporting date: 2018-09-29), 10-K (reporting date: 2017-09-30), 10-K (reporting date: 2016-09-24), 10-K (reporting date: 2015-09-26), 10-K (reporting date: 2014-09-27), 10-K (reporting date: 2013-09-28), 10-K (reporting date: 2012-09-29), 10-K (reporting date: 2011-09-24), 10-K (reporting date: 2010-09-25), 10-K (reporting date: 2009-09-26), 10-K (reporting date: 2008-09-27), 10-K (reporting date: 2007-09-29), 10-K (reporting date: 2006-09-30), 10-K (reporting date: 2005-09-24).


Comparison to Sector (Technology Hardware & Equipment)


Comparison to Industry (Information Technology)