Apple’s return on assets for fiscal years ending September 2016 to 2020 averaged 15.6%. Apple’s operated at median return on assets of 15.7% from fiscal years ending September 2016 to 2020. Looking back at the last five years, Apple’s return on assets peaked in June 2021 at 26.8%.
- 1 What is Return on Assets good for?
- 2 How do I know if my ROA is good?
- 3 What is a good ROCE?
- 4 What is Apple’s biggest asset?
- 5 Is Apple richer than the US government?
- 6 Is Apple richer than Google?
- 7 What is Apple’s long-term debt?
- 8 What is Apple’s total debt?
- 9 What is Apple’s current cash balance?
- 10 What is a good asset turnover ratio?
- 11 What is Apple’s quick ratio?
What is Return on Assets good for?
Return on assets (ROA) is an indicator of how profitable a company is relative to its total assets. ROA gives a manager, investor, or analyst an idea as to how efficient a company’s management is at using its assets to generate earnings.
How do I know if my ROA is good?
An ROA that rises over time indicates the company is doing a good job of increasing its profits with each investment dollar it spends. A falling ROA indicates the company might have over-invested in assets that have failed to produce revenue growth, a sign the company may be trouble.
What is a good ROCE?
A higher ROCE shows a higher percentage of the company’s value can ultimately be returned as profit to stockholders. As a general rule, to indicate a company makes reasonably efficient use of capital, the ROCE should be equal to at least twice current interest rates.
What is Apple’s biggest asset?
The App Store is Apple’s most valuable asset, but also its biggest liability
- The App Store added an estimated $64 billion to Apple’s bottom line last year.
- Tech columnist Jason Aten argues as the App store comes under more scrutiny, it’ll cost the company severely.
Is Apple richer than the US government?
The government currently has an operating cash balance of $73.8 billion and Apple has $76.2 billion in cash and marketable securities, according to its last earnings report released at the end of June.
Is Apple richer than Google?
In the fiscal year 2020, hardware-focused Apple’s 274.52 billion US dollar revenue was almost double the amount of Microsoft’s 143.02 billion U.S. dollars, with Alphabet generating 182.53 billion US dollars that same year.
What is Apple’s long-term debt?
Apple’s long-term debt for fiscal years ending September 2016 to 2020 averaged $91.369 billion. Apple’s operated at median long-term debt of $93.735 billion from fiscal years ending September 2016 to 2020. Looking back at the last five years, Apple’s long-term debt peaked in June 2021 at $105.8 billion.
What is Apple’s total debt?
According to the Apple’s most recent financial statement as reported on January 28, 2021, total debt is at $112.04 billion, with $99.28 billion in long-term debt and $12.76 billion in current debt. Adjusting for $36.01 billion in cash-equivalents, the company has a net debt of $76.03 billion.
What is Apple’s current cash balance?
Apple now has $195.57 billion in cash on hand, up 2% from last quarter. Apple regularly hosts one of the largest cash piles in the U.S. However, it’s a 5.5% drop from the $207.06 billion in cash Apple had during the same quarter a year ago.
What is a good asset turnover ratio?
In the retail sector, an asset turnover ratio of 2.5 or more could be considered good, while a company in the utilities sector is more likely to aim for an asset turnover ratio that’s between 0.25 and 0.5.
What is Apple’s quick ratio?
Apple has a quick ratio of 1.01.