ADEIA CORP (ADEA)

Return on assets (ROA)

		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
Net income (ttm)	US$ in thousands	67,372	128,402	-284,758	-291,802	-295,880	-384,169	-40,308	-35,801	-55,457	138,893	154,208	132,713
Total assets	US$ in thousands	1,105,560	1,124,070	1,122,610	1,153,820	1,210,530	2,160,730	2,481,300	2,478,830	2,470,020	2,524,540	2,576,790	2,634,910	2,701,180	2,668,700	2,752,610
ROA		6.09%	11.42%	-25.37%	-25.29%	-24.44%	-17.78%	-1.62%	-1.44%	-2.25%	5.50%	5.98%	5.04%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $67,372K ÷ $1,105,560K
= 6.09%

ADEIA CORP's return on assets (ROA) has shown significant fluctuations over the past four quarters, ranging from -25.37% to 11.42%. In the most recent quarter, as of December 31, 2023, the ROA stood at 6.09%, indicating a moderate return on assets.

The negative ROA figures in the second and third quarters of 2023 (-25.37% and -25.29%, respectively) suggest that the company's assets may not have been effectively utilized to generate profits during that period. This could be a cause for concern as it indicates potential inefficiencies in the company's operations or declining asset productivity.

The positive ROA figures in the previous quarters of 2022 and 2023 suggest that the company was able to generate profits relative to its assets during those periods. However, the ROA declined in the first quarter of 2022 to -1.44% and continued to drop to -24.44% in the fourth quarter of 2022, indicating a decline in asset profitability.

Overall, the fluctuating ROA trend indicates inconsistency in the company's ability to generate profits from its assets. Further analysis of the company's operations, efficiency, and asset management practices is necessary to determine the underlying reasons for these fluctuations and to identify opportunities for improvement.