T-Mobile US Inc. (NASDAQ:TMUS)

Total Asset Turnover

The reported and adjusted total asset turnover ratios demonstrate a relatively stable performance over the five-year period. Beginning at 0.34 in 2020, the ratio increased to 0.39 by 2021, followed by a slight decline and stabilization around 0.38 and 0.39 in subsequent years. This indicates consistent efficiency in utilizing assets to generate revenue without significant fluctuations.

Current Ratio

The reported current ratio shows a decline from 1.1 in 2020 to a low of 0.77 in 2022, suggesting a decrease in short-term liquidity and possibly increased pressure on current liabilities. From 2022 onwards, there is a recovery trend to 0.91 in 2023 and maintained at this level in 2024. Adjusted current ratios follow a similar trend but with slightly higher values, reaching 0.98 in 2024, indicating improved liquidity after adjustments.

Debt to Equity Ratio

The debt to equity ratio remains relatively stable with a mild upward trajectory. Reported values decreased slightly from 1.13 in 2020 to 1.07 in 2022 but then increased to 1.31 by 2024, reflecting an increasing reliance on debt financing compared to equity. Adjusted ratios are higher throughout, rising from 1.36 to 1.38 from 2020 to 2024, showing a consistent level of leverage when considering adjustments.

Debt to Capital Ratio

The debt to capital ratio displays minor fluctuations but generally shows a slight increase over the period. Reported ratios stayed around 0.53 to 0.57, and adjusted ratios consistently ranged from 0.57 to 0.58, indicating a stable but slightly increasing proportion of financing coming from debt within total capital.

Financial Leverage

Reported financial leverage increases steadily from 3.06 in 2020 to 3.37 in 2024, implying greater use of debt relative to equity. In contrast, adjusted financial leverage remains relatively flat between 2.57 and 2.62, suggesting that after adjustments, leverage is maintained at a more consistent level.

Net Profit Margin

A pronounced upward trend is evident in both reported and adjusted net profit margins. Reported margin declined from 4.48% in 2020 to 3.25% in 2022 but then rose sharply to 13.93% in 2024. Adjusted margins confirm this improvement, improving from 4.99% in 2020 to 18.17% in 2024, reflecting enhanced profitability and operational efficiency in later years.

Return on Equity (ROE)

ROE follows a trajectory similar to net profit margin. Reported ROE decreased from 4.69% in 2020 to 3.72% in 2022 before increasing markedly to 18.37% in 2024. Adjusted ROE also increased significantly after 2022, finishing at 18.62% in 2024. This pattern indicates improved returns generated on shareholders' equity over the latter part of the period.

Return on Assets (ROA)

Reported ROA shows a decline from 1.53% in 2020 to 1.23% in 2022, then rebounds to 5.45% in 2024. Adjusted ROA reveals a more pronounced recovery, growing from 1.71% in 2020 to 7.14% in 2024. The upward trend in ROA indicates more effective asset utilization contributing to higher profitability.

Revenues

Revenues demonstrated a general upward trend over the five-year period. Starting at $68,397 million in 2020, revenues increased significantly to $80,118 million in 2021, marking the most notable annual rise. This was followed by a slight decline in 2022 to $79,571 million and a further decrease in 2023 to $78,558 million. However, the trend reversed in 2024, with revenues growing again to $81,400 million, reaching the highest level within the period analyzed.

Total Assets

Total assets showed a steady but modest increase from $200,162 million in 2020 to $211,338 million in 2022. This upward movement was interrupted by a slight decrease in 2023 to $207,682 million, with a minor increase to $208,035 million in 2024. Overall, total assets maintained a relatively stable level, with fluctuations within a narrow range after 2021.

Reported Total Asset Turnover

The reported total asset turnover ratio reflected a positive improvement from 0.34 in 2020 to 0.39 in 2021. This was followed by a minor decline to 0.38 in 2022 and sustained stability at 0.38 in 2023. The ratio again rose slightly to 0.39 in 2024. This indicates relatively stable efficiency in utilizing assets to generate revenues, with a peak observed in 2021 and returning to this level in 2024.

Adjusted Revenues

Adjusted revenues followed a pattern closely mirroring that of reported revenues. An initial increase from $68,796 million in 2020 to $79,944 million in 2021 was observed, followed by slight decreases in 2022 and 2023 to $79,495 million and $78,603 million, respectively. In 2024, adjusted revenues increased again, reaching $81,797 million, the highest point throughout the period.

Adjusted Total Assets

Adjusted total assets demonstrated a gradual rise from $200,356 million in 2020 to a peak of $211,505 million in 2022. A decline occurred in 2023 to $207,843 million, followed by a slight upward adjustment to $208,211 million in 2024. This trend aligns closely with the reported total assets data, indicating consistent asset levels across adjustments.

Adjusted Total Asset Turnover

The adjusted total asset turnover ratio maintained a similar trajectory to the reported turnover ratio. It improved from 0.34 in 2020 to 0.39 in 2021, dipped to 0.38 in both 2022 and 2023, and then rose back to 0.39 in 2024. This suggests that operational efficiency, when considering adjustments, remained steady, with the company effectively generating revenues from its assets during the period.

The analysis of the financial data over the five-year period reveals several key trends related to liquidity and working capital management.

Current Assets

Current assets have shown a gradual decline from US$23,885 million in 2020 to US$18,404 million in 2024. This represents a decrease of approximately 23% over the period, indicating a reduction in liquid resources or short-term assets available to the company.

Current Liabilities

Current liabilities initially increased from US$21,703 million in 2020 to a peak of US$24,742 million in 2022, before declining to US$20,174 million by 2024. This suggests that short-term obligations grew in the early part of the period but were subsequently reduced in later years.

Reported Current Ratio

The reported current ratio decreased from 1.1 in 2020 to a low of 0.77 in 2022, reflecting a weakening liquidity position during this time. However, it improved to 0.91 by 2023 and remained steady in 2024, indicating some recovery in the company's ability to meet short-term liabilities with current assets.

Adjusted Current Assets and Liabilities

Adjusted figures, which may account for more refined valuations or internal adjustments, follow a similar pattern: adjusted current assets declined from US$24,079 million in 2020 to US$18,580 million in 2024. Adjusted current liabilities peaked at US$23,962 million in 2022 and then decreased to US$18,952 million by 2024.

Adjusted Current Ratio

The adjusted current ratio mirrored the reported ratio trend, starting at 1.16 in 2020, decreasing to 0.80 in 2022, and then recovering to 0.98 by 2024. The adjusted ratio values are slightly higher than the reported ones, suggesting that the adjustments improve the perception of liquidity somewhat.

Overall, the data indicate that the company's liquidity position weakened between 2020 and 2022, with both current and adjusted current ratios falling below 1.0, signaling potential challenges in covering short-term liabilities. The period from 2023 onwards shows a stabilization and gradual improvement in liquidity ratios, supported by both declining current liabilities and a more moderate decrease in current assets. This suggests efforts to manage working capital more effectively in the latter years of the dataset.

Total Debt

The total debt shows a generally increasing trend from 73,632 million US dollars in 2020 to 80,591 million US dollars in 2024, with minor fluctuations observed in 2022 and 2023. This indicates a gradual rise in leverage over the period under review.

Stockholders’ Equity

Stockholders’ equity increased from 65,344 million US dollars in 2020 to a peak of 69,656 million in 2022, followed by a decline to 61,741 million in 2024. This decrease after 2022 reflects a potential reduction in net assets attributable to shareholders.

Reported Debt to Equity Ratio

The reported debt to equity ratio declined from 1.13 in 2020 to 1.07 in 2022, suggesting an improvement in the relative equity base compared to debt during that period. However, from 2022 onwards, the ratio increased notably to 1.31 by 2024, indicating a rising risk profile with higher debt relative to equity.

Adjusted Total Debt

Adjusted total debt consistently increased throughout the entire period, from 104,219 million US dollars in 2020 to 110,280 million in 2024. This persistent upward movement highlights the company's increasing financial obligations when off-balance sheet items or other adjustments are considered.

Adjusted Stockholders’ Equity

Adjusted stockholders’ equity grew from 76,697 million US dollars in 2020 to 81,957 million in 2022, followed by a slight decline to 79,839 million in 2024. Despite the minor decrease in the latter years, the overall trend shows relative stability with moderate fluctuations.

Adjusted Debt to Equity Ratio

The adjusted debt to equity ratio decreased from 1.36 in 2020 to 1.32 in both 2021 and 2022, reflecting a slight reduction in leverage when adjustments are made. Thereafter, the ratio rose to 1.38 in 2023 and remained stable through 2024, suggesting an increase in financial leverage that plateaus in the later years.

The financial data from the annual periods indicate several noteworthy trends in the company's capital structure and debt management.

Total Debt

The total debt showed a modest increase from 73,632 million US dollars at the end of 2020 to 80,591 million US dollars by the end of 2024. This gradual rise reflects a consistent but controlled expansion in debt over the five-year period.

Total Capital

Total capital experienced fluctuations, initially increasing from 138,976 million US dollars in 2020 to a peak of 145,870 million in 2021. Subsequently, it declined over the next two years to 142,229 million in 2023, before a slight increase to 142,332 million in 2024. This suggests some volatility in capital levels, possibly influenced by equity changes or retained earnings adjustments.

Reported Debt to Capital Ratio

The reported debt-to-capital ratio remained relatively stable around 0.53 in 2020 and 2021, dipped slightly to 0.52 in 2022, before increasing to 0.54 in 2023 and a more pronounced rise to 0.57 in 2024. This pattern indicates a gradual shift towards higher leverage, reflecting an increasing reliance on debt as a proportion of total capital.

Adjusted Total Debt and Capital

Adjusted total debt exhibited a steady upward trajectory, rising from 104,219 million US dollars in 2020 to 110,280 million in 2024. Adjusted total capital also trended upward, increasing from 180,916 million in 2020 to 190,119 million in 2024, with a slight dip in 2023. The adjustments suggest that when considering additional factors (perhaps off-balance-sheet items or operating leases), both debt and capital have grown over time.

Adjusted Debt to Capital Ratio

The adjusted debt-to-capital ratio was 0.58 in 2020, slightly reducing to 0.57 for the next two years, before increasing back to 0.58 in 2023 and maintaining that level in 2024. This stability around the 0.57-0.58 range suggests a consistent leverage position when considering the adjusted figures.

Overall, the data reflect an incremental increase in both reported and adjusted debt levels alongside mostly stable or slightly fluctuating capital amounts. The debt-to-capital ratios indicate a gradual increase in leverage in the reported data, while the adjusted ratios remain relatively steady over the period analyzed. This implies a strategic approach to financing where increased debt is balanced by capital growth, maintaining a consistent leverage profile under adjusted measures.

The analysis of the financial data reveals several key trends regarding the company's asset base, equity position, and leverage ratios over the five-year period from 2020 to 2024.

Total Assets

Total assets demonstrated a moderate upward trend initially, increasing from 200,162 million US dollars in 2020 to 211,338 million in 2022. However, in the subsequent years, total assets experienced slight declines, dropping to 207,682 million in 2023 and remaining relatively stable at 208,035 million in 2024. Overall, total assets showed a net increase over the period but with a mild peak in 2022 followed by stabilization.

Stockholders’ Equity

Stockholders' equity initially increased from 65,344 million US dollars in 2020 to a peak of 69,656 million in 2022. Following this peak, equity levels declined notably to 64,715 million in 2023 and further to 61,741 million in 2024. This represents a downward trend in equity over the last two years, indicating potential challenges in equity growth or possibly capital structure adjustments.

Reported Financial Leverage

The reported financial leverage ratio, calculated as total assets divided by stockholders' equity, showed a slight improvement from 3.06 in 2020 to 2.99 in 2021, suggesting a reduction in leverage. However, from 2021 onwards, the ratio increased progressively to 3.03 in 2022, 3.21 in 2023, and 3.37 in 2024. This increase indicates a growing reliance on debt or other liabilities relative to equity, pointing to a higher financial risk profile in the later years.

Adjusted Total Assets

The adjusted total assets closely follow the trend of total assets, beginning at 200,356 million US dollars in 2020, peaking at 211,505 million in 2022, then slightly decreasing and stabilizing around 208,211 million by 2024. This confirms the overall pattern observed in total assets.

Adjusted Stockholders’ Equity

Adjusted stockholders’ equity started at 76,697 million in 2020 and rose steadily to 81,957 million by 2022. It then showed a minor decline to 79,271 million in 2023, followed by a marginal recovery to 79,839 million in 2024. This pattern suggests that, when adjustments are made, equity was relatively more stable compared to the unadjusted figures, showing resilience after the peak in 2022.

Adjusted Financial Leverage

The adjusted financial leverage ratio has remained relatively stable over the time period, beginning at 2.61 in 2020, dipping slightly to 2.57 in 2021, then fluctuating mildly around 2.58 to 2.62 in the subsequent years and ending at 2.61 in 2024. This indicates consistent leverage levels when considering adjustments, contrasting with the upward trend seen in the reported financial leverage.

In summary, the company’s total and adjusted assets increased moderately through 2022 but leveled off thereafter. Stockholders’ equity showed growth followed by a decrease in the reported figures, whereas adjusted equity was more stable. The reported financial leverage indicates an increasing use of debt relative to equity from 2021 onward, whereas the adjusted leverage remained stable. These observations may reflect underlying adjustments in accounting practices or capital structure management strategies that moderate perceived financial risk when adjusted figures are considered.

Net Income

Net income exhibited fluctuations across the observed period. It started at $3,064 million in 2020, decreased slightly to $3,024 million in 2021, and further declined to $2,590 million in 2022. Subsequently, a significant upturn occurred, with net income rising sharply to $8,317 million in 2023 and continuing to $11,339 million in 2024.

Revenues

Revenues showed an overall growth trend, increasing from $68,397 million in 2020 to $80,118 million in 2021. However, revenues then slightly decreased to $79,571 million in 2022 and further to $78,558 million in 2023, before rising again to $81,400 million in 2024. The growth pattern is thus somewhat volatile with minor fluctuations.

Reported Net Profit Margin

The reported net profit margin decreased from 4.48% in 2020 to 3.77% in 2021 and further to 3.25% in 2022, reflecting the declining net income despite generally stable revenues. After 2022, the margin increased sharply, reaching 10.59% in 2023 and 13.93% in 2024, mirroring the substantial improvements in net income during those years.

Adjusted Net Income

Adjusted net income followed a somewhat similar pattern to reported net income but with slightly different magnitudes. It began at $3,435 million in 2020, dipped to $3,138 million in 2021, rose to $3,730 million in 2022, and then exhibited a pronounced increase to $10,680 million in 2023 and to $14,866 million in 2024. This suggests that adjustments reveal a stronger profitability growth in recent years beyond the reported figures.

Adjusted Revenues

Adjusted revenues closely tracked reported revenues but with slightly higher values. They increased from $68,796 million in 2020 to $79,944 million in 2021, then slightly declined to $79,495 million in 2022 and $78,603 million in 2023. In 2024, adjusted revenues rose again to $81,797 million. The trend overall is consistent with the revenue pattern, showing minor fluctuations without sharp growth.

Adjusted Net Profit Margin

The adjusted net profit margin shows a notable dynamic shift. It dropped from 4.99% in 2020 to 3.93% in 2021, then recovered to 4.69% in 2022. After this, it increased dramatically to 13.59% in 2023 and further to 18.17% in 2024. This indicates that after a period of relatively weak margins, profitability on an adjusted basis improved substantially, reflecting either better operational efficiency or favorable non-recurring adjustments.

Overall Trends and Insights

The financial performance demonstrates initial weakness in profitability from 2020 through 2022, with both reported and adjusted net incomes declining or stagnating despite largely stable or growing revenues. Starting in 2023, a marked improvement in profitability is observed, with net income and adjusted net income more than doubling, and net profit margins expanding significantly. Revenues remained relatively stable with minor fluctuations, suggesting that the profitability gains might be driven primarily by cost control, operational improvements, or other adjustments rather than substantial revenue growth. The divergence between reported and adjusted figures, particularly in later periods, highlights the importance of considering both metrics to fully understand profitability trends. The considerable margin increase from 2023 onwards suggests a strategic shift or favorable one-time impacts contributing to enhanced earnings quality.

The financial data reveals several notable trends across the periods analyzed. Net income initially shows a slight decline from 3,064 million USD in 2020 to 2,590 million USD in 2022, followed by a substantial increase reaching 11,339 million USD in 2024. This indicates a renewed and robust profitability in the recent years.

Stockholders' equity demonstrates a gradual growth from 65,344 million USD in 2020 to a peak of 69,656 million USD in 2022, but subsequently declines to 61,741 million USD by 2024. This reduction in equity in the last two years contrasts with the significant rise in net income.

The reported Return on Equity (ROE) aligns with net income trends, showing a dip from 4.69% in 2020 to 3.72% in 2022, then a sharp uptrend to 18.37% by 2024. This suggests improved efficiency in generating profits from shareholders’ equity during the latter periods.

Adjusted figures, which may account for certain non-recurring or one-time items, follow a similar pattern. Adjusted net income decreases from 3,435 million USD in 2020 to 3,138 million USD in 2021, before increasing significantly to 14,866 million USD in 2024. Adjusted stockholders' equity rises steadily from 76,697 million USD in 2020 to 81,957 million USD in 2022, then marginally declines to 79,839 million USD in 2024.

The adjusted ROE reflects improved profitability and operational efficiency, decreasing initially from 4.48% in 2020 to 3.9% in 2021, then increasing markedly to 18.62% in 2024. This strengthened adjusted ROE reaffirms the company’s enhanced return generation capacity in recent years.

In summary, the data highlights a phase of moderate decline and stability followed by substantial growth in profitability and returns, despite a modest reduction in equity bases. The marked improvement in both reported and adjusted ROE indicates more effective capital utilization and stronger earnings performance by the end of the period analyzed.

The financial data shows notable trends in profitability and asset management over the five-year period. Net income experienced modest fluctuations in the initial three years, with a decline from 3,064 million US dollars in 2020 to 2,590 million in 2022. Thereafter, there is a substantial increase, reaching 8,317 million in 2023 and further rising to 11,339 million in 2024, indicating strong profitability growth in the latter years.

Total assets demonstrated a gradual upward trend, increasing from 200,162 million US dollars in 2020 to 211,338 million in 2022. However, assets slightly decreased to 207,682 million in 2023 but remained relatively stable through 2024 at 208,035 million. This suggests a period of moderate asset base expansion followed by stabilization.

The reported Return on Assets (ROA) aligns with net income trends. After a decline from 1.53% in 2020 to 1.23% in 2022, ROA significantly improved to 4.00% in 2023 and further to 5.45% in 2024. This improvement reflects enhanced efficiency in asset utilization to generate profits in recent years.

Adjusted net income shows a similar pattern but with generally higher values compared to reported net income, indicating adjustments that positively impact profitability figures. The adjusted net income decreased from 3,435 million in 2020 to 3,138 million in 2021, then increased to 3,730 million in 2022, followed by a sharp rise to 10,680 million in 2023 and 14,866 million in 2024. These adjustments suggest a stronger underlying earnings performance, particularly in the last two years.

Adjusted total assets display a slight increase from 200,356 million in 2020 to 211,505 million in 2022, followed by a minor decline and stabilization around 208,000 million in 2023 and 2024. The adjusted figures closely mirror the reported total assets, indicating consistency in asset valuation adjustments.

The adjusted ROA exhibits an improvement pattern similar to adjusted net income, increasing from 1.71% in 2020 to a dip at 1.52% in 2021, then rising to 1.76% in 2022. This upward trajectory accelerates markedly in 2023 and 2024, reaching 5.14% and 7.14% respectively, signaling increased operational efficiency and profitability based on adjusted measures.

Profitability Trends

The company's net income and adjusted net income show substantial growth after 2022, indicating improved profitability and potentially successful strategic initiatives or market conditions positively affecting earnings.

Asset Base Stability

Total assets and adjusted total assets have remained relatively stable with slight fluctuations, reflecting a consistent asset management approach without aggressive expansion during the period.

Return on Assets Performance

Both reported and adjusted ROA have shown marked improvement from 2022 onward, highlighting enhanced efficiency in using assets to generate profits, with adjusted ROA demonstrating particularly strong gains.