Stock Analysis on Net

Qualcomm Inc. (NASDAQ:QCOM)

$24.99

Return on Assets (ROA)
since 2005

Microsoft Excel

Calculation

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

Microsoft Excel

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

1 US$ in millions


Net Income (Loss)
The net income displayed an overall upward trend from 2005 through 2014, growing from $2,143 million to a peak of $7,967 million. From 2014 to 2017, earnings showed volatility, with a notable sharp decline in 2018 reaching a loss of $4,864 million. Subsequently, earnings recovered significantly from 2019 onwards, achieving a high of $12,936 million in 2022, followed by a decrease to $7,232 million in 2023, and a slight rebound to $10,142 million in 2024.
Total Assets
Total assets increased steadily over the period, nearly quadrupling from $12,479 million in 2005 to $55,154 million in 2024. The growth was relatively consistent except for a dip in 2018 to $32,686 million, corresponding to the period of negative net income, before resuming upward momentum in subsequent years.
Return on Assets (ROA)
ROA showed a generally positive performance from 2005 to 2017 with fluctuations between approximately 3.77% and 17.86%. The sharp negative ROA of -14.88% in 2018 aligns with the significant net loss and reduced asset base during that year. After 2018, ROA improved markedly, peaking at 26.39% in 2022, indicating enhanced profitability relative to asset value. The ratio moderated to 14.17% in 2023 and increased again to 18.39% in 2024.
Overall Analysis
The data reveals a strong growth phase in net income and asset base up to 2014, disrupted by a pronounced earnings and asset contraction in 2018. The recovery from 2019 onward is evident across all indicators, with net income and ROA reaching record highs in 2022, suggesting improved operational efficiency and profitability despite some volatility. The asset base has shown resilience, continuing to expand even in the face of significant earnings fluctuations.

Comparison to Competitors

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

Microsoft Excel

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


Comparison to Sector (Semiconductors & Semiconductor Equipment)

Qualcomm Inc., ROA, long-term trends, comparison to sector (semiconductors & semiconductor equipment)

Microsoft Excel

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


Comparison to Industry (Information Technology)