ADEIA CORP (ADEA)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	136,230	153,060	119,028	267,455
Total assets	US$ in thousands	1,105,560	1,210,530	2,470,020	2,701,180
Operating ROA		12.32%	12.64%	4.82%	9.90%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $136,230K ÷ $1,105,560K
= 12.32%

ADEIA CORP's operating return on assets (operating ROA) has fluctuated over the past four years, ranging from 4.82% in 2021 to 12.64% in 2022. In 2023, the operating ROA stands at 12.32%, indicating a slight decrease from the previous year. This ratio measures the company's ability to generate operating profits from its assets. A higher operating ROA suggests that the company is utilizing its assets efficiently to generate operating income. Despite the fluctuations, ADEIA CORP has generally maintained a strong operating ROA, indicating effective asset utilization in its operations. Further analysis of the underlying factors driving these fluctuations may provide insights into the company's operational performance and efficiency.