Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
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- Common-Size Balance Sheet: Liabilities and Stockholders’ Equity
- Analysis of Solvency Ratios
- Analysis of Short-term (Operating) Activity Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Dividend Discount Model (DDM)
- Price to Earnings (P/E) since 2010
- Analysis of Revenues
- Aggregate Accruals
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Profitability Ratios (Summary)
Charter Communications Inc., profitability ratios (quarterly data)
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
The financial metrics over the observed periods reveal several notable trends and changes in performance.
- Gross Profit Margin
- The gross profit margin shows a steady upward trend from 36.14% in March 2020 to a peak of approximately 39.39% in September 2022. Following this peak, it slightly declines but remains relatively stable around 38.7% to 38.8% through December 2023. This suggests improving efficiency in production or service delivery up to late 2022 with a minor softening thereafter.
- Operating Profit Margin
- Operating profit margin has exhibited a consistent and more pronounced increase over the same period, rising from 14.23% in March 2020 to 23% by December 2023. This sustained growth indicates enhanced operational performance, possibly due to better cost management or increased revenue generation capabilities, which outpaced expenses over time.
- Net Profit Margin
- The net profit margin shows improvement, growing from 3.64% in March 2020 to a high of 10.35% in September 2022. Thereafter, a decline is observed with margins decreasing to approximately 8.35% by December 2023. This pattern suggests that while profitability improved impressively through 2022, challenges such as increased taxes, interest expenses, or other non-operating costs may have pressured net income in the recent quarters.
- Return on Equity (ROE)
- ROE displays a striking upward trajectory, commencing at 5.3% in March 2020 and peaking at 61.53% in September 2022. Following the peak, a decrease to about 41.11% is noted by December 2023. This considerable fluctuation could reflect changes in net income, equity base, or both, indicating that shareholder value creation was exceptionally strong until late 2022 before tapering off but still maintaining high levels.
- Return on Assets (ROA)
- ROA reveals a steady increase from 1.13% in March 2020 to 3.84% in September 2022, followed by a gradual decline to around 3.10% by December 2023. The trend mirrors that of profitability ratios, showing improved utilization of assets in generating profits until late 2022, then a slight decrease in asset efficiency in the most recent periods.
In summary, the data reflects a period of consistent operational and financial improvement up to around late 2022, with gross and operating margins increasing steadily alongside profitability and returns on equity and assets. However, the data from late 2022 through 2023 suggests a plateauing or slight decline in profitability and efficiency, which could warrant further investigation into underlying causes such as market conditions, cost pressures, or investment impacts.
Return on Sales
Return on Investment
Gross Profit Margin
Charter Communications Inc., gross profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Gross profit | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Gross profit margin1 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| Gross Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Gross profit margin = 100
× (Gross profitQ4 2023
+ Gross profitQ3 2023
+ Gross profitQ2 2023
+ Gross profitQ1 2023)
÷ (RevenuesQ4 2023
+ RevenuesQ3 2023
+ RevenuesQ2 2023
+ RevenuesQ1 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
- Revenue Trends
- Revenues exhibited a general upward trend over the observed quarters, increasing from approximately $11.2 billion in March 2019 to around $13.7 billion in the final quarter of 2023. The growth was steady with occasional periods of stability. Notably, revenue experienced consistent quarterly increases particularly from mid-2020 through 2023, reflecting gradual business expansion or improved market conditions.
- Gross Profit Trends
- Gross profit demonstrated a positive trajectory similar to revenues, starting near $4.0 billion in early 2019 and rising to approximately $5.4 billion by the end of 2023. Despite some quarterly fluctuations, gross profit generally increased, indicating sustained profitability improvements or cost management efficiency over time.
- Gross Profit Margin Analysis
- The gross profit margin showed a clear upward trend, increasing from about 36.1% in early 2020 to a peak near 39.4% around 2022 before slightly moderating to the high 38% range towards the end of 2023. This improvement suggests enhanced operational efficiency or favorable changes in cost structure relative to revenues.
- Inter-relationships and Insights
- The concurrent growth in revenues and gross profit, alongside improving gross profit margins, indicates that the company was able to increase sales while also controlling costs effectively. The slight margin contraction observed in late 2023 could reflect increased cost pressures or strategic pricing adjustments after a period of margin expansion.
- Overall Summary
- Overall, the financial data reveals a company with steady revenue growth and notable improvements in profitability levels over the five-year horizon. The gross profit margin expansion underscores strengthened operational performance, although recent periods exhibit some margin stabilization, suggesting the need for continued focus on cost management.
Operating Profit Margin
Charter Communications Inc., operating profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Income from operations | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Operating profit margin1 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Operating profit margin = 100
× (Income from operationsQ4 2023
+ Income from operationsQ3 2023
+ Income from operationsQ2 2023
+ Income from operationsQ1 2023)
÷ (RevenuesQ4 2023
+ RevenuesQ3 2023
+ RevenuesQ2 2023
+ RevenuesQ1 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The analysis of the quarterly financial metrics reveals several important trends and patterns over the indicated periods.
- Income from Operations
- Income from operations shows a generally upward trajectory from 2019 through 2023, reflecting ongoing operational growth. Starting at $1,425 million in March 2019, this figure increases steadily with some quarter-to-quarter variations, peaking at $3,267 million in December 2023. Notably, there were consistent gains each year, with particularly strong increases observed in the second halves of 2020 and 2021. This suggests enhanced operational efficiency and possibly higher revenue-generating capacity over time.
- Revenues
- Revenues exhibit modest but consistent growth throughout the entire timeline. Beginning at $11,206 million in March 2019, revenues increase incrementally to reach $13,711 million by December 2023. The growth pattern is stable, with no sharp fluctuations, indicating a solid market presence and a steady inflow of sales. The revenue increases are somewhat gradual compared to the income from operations, which may imply improvements in cost management or operational profitability driving higher earnings relative to sales.
- Operating Profit Margin
- The operating profit margin shows a pronounced improving trend from 2019 onwards. From a baseline value of 14.23% in March 2020, margins increase steadily to reach 23% by December 2023. This growth in margin demonstrates improved profitability, possibly as a result of operational efficiencies, better cost control, or a favorable product mix. The consistent margin expansion across the quarters underscores the company's enhanced capacity to convert revenues into profits, supporting the upward trend seen in income from operations.
Overall, the data indicates a company that has successfully expanded both its revenue base and profitability over the examined period. Incremental increases in revenue combined with stronger income from operations and improving margins suggest effective management strategies aimed at operational efficiency and sustainable growth. The consistent pattern of margin enhancement in particular highlights improved cost structures or increased pricing power that benefit the company's financial performance.
Net Profit Margin
Charter Communications Inc., net profit margin calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income attributable to Charter shareholders | ||||||||||||||||||||||||||
| Revenues | ||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| Net profit margin1 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
Net profit margin = 100
× (Net income attributable to Charter shareholdersQ4 2023
+ Net income attributable to Charter shareholdersQ3 2023
+ Net income attributable to Charter shareholdersQ2 2023
+ Net income attributable to Charter shareholdersQ1 2023)
÷ (RevenuesQ4 2023
+ RevenuesQ3 2023
+ RevenuesQ2 2023
+ RevenuesQ1 2023)
= 100 × ( + + + )
÷ ( + + + )
=
2 Click competitor name to see calculations.
The financial data exhibits several notable trends over the observed quarterly periods. Net income attributable to shareholders shows a general upward trajectory from early 2019 through the end of 2021, peaking in the final quarter of 2021. After this peak, net income fluctuates but maintains relatively high levels through 2022 and into 2023, albeit with a slight downward tendency in the last quarter.
Revenues demonstrate steady growth throughout the entire period. From the first quarter of 2019 to the final quarter of 2023, there is a consistent increase with minor fluctuations. This indicates continuous expansion in the company's overall sales or service income without sharp declines.
Net profit margin, calculated as a percentage, was not available for the early quarters but beginning in March 2020, it shows a marked upward trend. The margin rises from approximately 3.64% to a peak near 10.35% in mid-2022. Following this peak, the margin slightly declines but remains near 8-9% towards the end of 2023. This indicates improving profitability efficiency over time, despite the minor reductions in later quarters.
- Net Income
- Initially moderate in early 2019, net income increases significantly through 2020 and 2021, reaching the highest value in Q4 2021. Post-2021, net income exhibits some volatility but stays at a relatively high level compared to earlier years.
- Revenues
- A steady upward trend is evident, with revenues increasing from about $11.2 billion in Q1 2019 to roughly $13.7 billion by Q4 2023. Minor quarterly variations exist but do not disrupt the prevailing growth pattern.
- Net Profit Margin
- Starting from under 4% in early 2020, the margin improves steadily to exceed 10% in mid-2022, reflecting enhanced operational efficiency or cost control. Despite a subsequent slight decrease, margins hold above 8% in most recent quarters.
Return on Equity (ROE)
Charter Communications Inc., ROE calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income attributable to Charter shareholders | ||||||||||||||||||||||||||
| Total Charter shareholders’ equity | ||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROE1 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROE = 100
× (Net income attributable to Charter shareholdersQ4 2023
+ Net income attributable to Charter shareholdersQ3 2023
+ Net income attributable to Charter shareholdersQ2 2023
+ Net income attributable to Charter shareholdersQ1 2023)
÷ Total Charter shareholders’ equity
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of the quarterly financial data over the indicated periods reveals several notable trends in the company's profitability and equity position.
- Net Income Attributable to Charter Shareholders
- Net income exhibits a generally upward trajectory from March 2019 through December 2021, growing from $253 million to a peak of $1,610 million. Despite some variability, elevated profit levels persist into 2022 and 2023, with quarterly net income figures stabilizing mostly above $1,000 million. There is a pronounced increase in net income particularly from late 2019 onward, suggesting improving operational performance or favorable market conditions during this period.
- Total Charter Shareholders’ Equity
- Shareholders' equity shows a declining trend throughout the entire timeframe, decreasing markedly from $35,734 million in March 2019 to approximately $11,086 million by December 2023. The decline is steady and continuous, indicating that equity base reduced by more than two-thirds over the years covered. This reduction may reflect factors such as stock repurchases, dividends exceeding earnings, or other equity-reducing transactions.
- Return on Equity (ROE)
- ROE data, reported starting from March 2020, display a strong increasing trend over the observed quarters. Beginning at 5.3% in the first quarter of 2020, the return on equity escalates sharply, reaching a peak of 61.53% in the third quarter of 2022. After this peak, ROE declines somewhat but remains elevated, ending at 41.11% by December 2023. This pattern indicates enhanced profitability relative to the shareholders' equity base, consistent with the observed rise in net income despite the shrinking equity.
In summary, the financial trends point to a substantial improvement in profitability as measured by net income and ROE, occurring concurrently with a significant contraction in total shareholders’ equity. The increase in ROE is primarily driven by rising net income coupled with the narrowing equity base, which amplifies this ratio. This combination suggests that while the company has become more efficient in generating earnings from its equity, the declining equity level could be a risk factor requiring further investigation into its causes and sustainability.
Return on Assets (ROA)
Charter Communications Inc., ROA calculation (quarterly data)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||
| Net income attributable to Charter shareholders | ||||||||||||||||||||||||||
| Total assets | ||||||||||||||||||||||||||
| Profitability Ratio | ||||||||||||||||||||||||||
| ROA1 | ||||||||||||||||||||||||||
| Benchmarks | ||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||
| Alphabet Inc. | ||||||||||||||||||||||||||
| Comcast Corp. | ||||||||||||||||||||||||||
| Meta Platforms Inc. | ||||||||||||||||||||||||||
| Netflix Inc. | ||||||||||||||||||||||||||
| Take-Two Interactive Software Inc. | ||||||||||||||||||||||||||
| Walt Disney Co. | ||||||||||||||||||||||||||
Based on: 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).
1 Q4 2023 Calculation
ROA = 100
× (Net income attributable to Charter shareholdersQ4 2023
+ Net income attributable to Charter shareholdersQ3 2023
+ Net income attributable to Charter shareholdersQ2 2023
+ Net income attributable to Charter shareholdersQ1 2023)
÷ Total assets
= 100 × ( + + + )
÷ =
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals several notable trends in key financial metrics over the observed periods.
- Net Income Attributable to Charter Shareholders
- The net income exhibits a generally upward trajectory from early 2019 through 2021, with fluctuations in each quarter. Starting at $253 million in the first quarter of 2019, net income gradually increased to a peak of $1,610 million in the fourth quarter of 2021. Post this peak, there is a slight decline and volatility with values ranging mostly between $1,000 million and $1,470 million from 2022 to 2023. The highest quarterly net income was recorded in late 2021, indicating a period of strong profitability. The fluctuations in 2022 and 2023 suggest a period of stabilization or moderate correction.
- Total Assets
- Total assets have remained relatively stable throughout the period, fluctuating within a narrow range. Starting at approximately $147.3 billion in the first quarter of 2019, total assets saw a slight decline until late 2020, touching around $144.2 billion. From 2021 onward, assets appear to have gradually increased again, reaching roughly $147.2 billion by the last quarter of 2023. This indicates overall asset stability with minor variations, potentially reflecting the company's balanced approach to asset management amid market conditions.
- Return on Assets (ROA)
- Return on Assets shows a clear upward trend from its first reported value of 1.13% in early 2020 to a peak of 3.84% in late 2022. After this peak, ROA slightly decreases but remains above 3.0% through 2023, indicating sustained improvements in asset utilization efficiency. This steady increase in ROA suggests enhanced profitability relative to the asset base over the years, reflecting effective management strategies and operational performance.
In summary, the company demonstrated strong growth in net income and improvements in return on assets from 2019 through 2021 and into 2022, accompanied by stable total asset levels. The subsequent slight volatility in net income and moderate decline in ROA during 2023 warrant monitoring but overall, the financial performance indicates solid profitability and efficient asset use across the recent years.