|
At And T Inc 's ROA from the second quarter of 2024 to the second quarter of 2023 and 5 Year Period
Return on Assets, Quarterly Results, Trends, Rankings, Statistics
What is At And T Inc 's ROA in the second quarter of 2024?
At and t Inc achieved a return on average assets (ROA) of 3.69 % in its second quarter of 2024, which is below At And T Inc 's average return on assets, which stands at 3.73%. ROA fell compared to the first quarter of 2024, despite the net income growth of 5.28% from the first quarter of 2024.
However, within the Services sector 151 other companies had a higher return on assets. While Return on assets, overall ranking has advanced in the Jun 30 2024 quarter, so far to 1130, from total ROA ranking in the first quarter of 2024 at 1210.
What is ROA?
|
Select the Comparisons :
|
|
Select the Ratio:
|
|
| Return On Assets |
(Jun 30 2024)
II. Quarter |
(Mar 31 2024)
I. Quarter |
(Dec 31 2023)
IV. Quarter |
(Sep 30 2023)
III. Quarter |
(Jun 30 2023)
II. Quarter |
| Y / Y Total Assets Change |
-2.44 % |
-0.13 % |
1.34 % |
-4.69 % |
-4.39 % |
| Y / Y Net Income Change |
-17.07 % |
-15.76 % |
- |
-40.21 % |
4.96 % |
| Net Income (TTM) in million |
14,108 |
14,921 |
15,623 |
-10,114 |
-7,541 |
| Return On Assets (TTM) |
3.69 % |
3.88 % |
4.06 % |
-2.64 % |
-1.94 % |
| T's Total
Ranking |
# 1130 |
# 1210 |
# 1333 |
# 2899 |
# 2977 |
| Total Assets (TTM) in million |
377,444 |
378,760 |
386,155 |
385,697 |
386,872 |
| Seq. Total Assets Change |
-0.35 % |
-1.92 % |
0.12 % |
-0.3 % |
2.01 % |
| Seq. Net Income Change |
5.28 % |
45.27 % |
-32.51 % |
-19.66 % |
6.94 % |
| Return
On Assets Company Ranking |
| Within: |
No. |
| Industry |
# 7 |
| Sector |
# 152 |
| Overall |
# 1129 |
| Return On Assets Statistics |
| High |
Average |
Low |
8.28 % |
3.73 % |
-2.5 % |
| (Sep. 30. 2010) |
|
(Sep 30 2023) |
News about At and t Inc |
|
---In recent weeks, ATandT Inc. (T) has found itself in the eye of a storm, and it has clearly reflected in the trading performance of its shares. Despite their performance being marginally better than the market average??down only 1.75%??the sell-off has left many investors pondering the underlying causes. The recent deluge of unfavorable news, regulatory scrutiny, and cybersecurity concerns has significantly influenced the stock's volatility, compelling investors to reconsider their positions.On July 24, 2024, ATandT's shares took a hit following a series of critical reports pointing to a lack of competitive advantage in its fiber-mobile convergence strategy. Specifically, an article titled Dumb in Dallas' ATandT Keeps Pushing a Convergence Advantage It Simply Does Not Have stated that ATandT has only managed to deploy its fiber services in approximately 12% of its designated markets. Despite ATandT?s assertions of a grand convergence strategy, the stark reality is that deployment efforts remain sluggish compared to industry peers. Analysts have raised concerns about whether the company's strategic vision is realistic in a fast-evolving digital landscape and how this discrepancy could adversely impact its revenue growth in the long haul.
|
| Annual Return On Assets |
(Dec 31 2023)
FY 2023 |
(Dec 31 2022)
FY 2022 |
(Dec 31 2021)
FY 2021 |
(Dec 31 2020)
FY 2020 |
(Dec 31 2019)
FY 2019 |
| Y / Y Total Assets Change |
1.34 % |
-27.76 % |
5.27 % |
-9.18 % |
3.72 % |
| Total Assets in million |
386,155 |
381,039 |
527,442 |
501,047 |
551,669 |
| Y / Y Net Income Change |
- |
- |
- |
- |
-24.95 % |
| Net Income in million |
15,623 |
-7,055 |
21,479 |
-3,821 |
14,975 |
| Return On Assets |
4.05 % |
-1.85 % |
4.07 % |
-0.76 % |
2.71 % |
| Comment on T's ROA in the fiscal year ending 2023 |
|
In the fiscal year 2023 ROA improved to 4.05 % compared to prior year, due to annual net income growth of % to $15,623.00 million, while value of At And T Inc 's overall assets grew just by 1.34 % to $386,155.00 million, compared to $386,155.00 a year before.
|
|
