Analog Devices Inc (ADI)
Operating return on assets (Operating ROA)
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Nov 2, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,823,110 | 3,278,700 | 1,692,200 | 1,498,240 | 1,710,610 |
| Total assets | US$ in thousands | 48,794,500 | 50,302,400 | 52,322,100 | 21,468,600 | 21,392,600 |
| Operating ROA | 7.84% | 6.52% | 3.23% | 6.98% | 8.00% |
October 28, 2023 calculation
Operating ROA = Operating income ÷ Total assets
= $3,823,110K ÷ $48,794,500K
= 7.84%
An analysis of Analog Devices Inc.'s operating return on assets (operating ROA) reveals fluctuations over the past five years. The operating ROA increased from 7.06% in 2022 to 8.16% in 2023, indicating improved efficiency in generating operating income from its asset base. However, this is a contrast to the decrease from 8.44% in 2019 to 3.40% in 2021, suggesting a period of less effective asset utilization. Overall, while the operating ROA has demonstrated variability, the company has managed to maintain a relatively healthy level of return on its assets, with an average operating ROA of approximately 6.86% over the five-year period.
Peer comparison
Oct 28, 2023