Analog Devices Inc (ADI)

Operating return on assets (Operating ROA)

		Feb 3, 2024	Oct 28, 2023	Jul 29, 2023	Apr 29, 2023	Jan 28, 2023	Oct 29, 2022	Jul 30, 2022	Apr 30, 2022	Jan 29, 2022	Oct 30, 2021	Jul 31, 2021	May 1, 2021	Jan 30, 2021	Oct 31, 2020	Aug 1, 2020	May 2, 2020	Feb 1, 2020	Nov 2, 2019	Aug 3, 2019	May 4, 2019
Operating income (ttm)	US$ in thousands	3,278,252	3,823,108	4,291,173	4,254,986	4,044,767	3,278,704	2,275,229	1,991,569	1,593,098	1,692,201	2,054,868	1,864,346	1,688,676	1,498,244	1,374,933	1,402,535	1,528,210	1,710,608	1,837,698	1,880,187
Total assets	US$ in thousands	48,388,500	48,794,500	49,346,700	49,544,700	50,234,500	50,302,400	50,346,200	50,800,700	51,215,600	52,322,100	21,641,200	21,588,200	21,440,100	21,468,600	21,599,600	21,350,900	21,376,800	21,392,600	21,566,600	21,776,300
Operating ROA		6.77%	7.84%	8.70%	8.59%	8.05%	6.52%	4.52%	3.92%	3.11%	3.23%	9.50%	8.64%	7.88%	6.98%	6.37%	6.57%	7.15%	8.00%	8.52%	8.63%

February 3, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $3,278,252K ÷ $48,388,500K
= 6.77%

Analog Devices Inc.'s operating return on assets (operating ROA) has exhibited fluctuating trends over the past eight quarters. The highest operating ROA was observed in Q2 2023 at 8.97%, while the lowest was in Q2 2022 at 4.29%. In more recent quarters, there has been a general upward trend in the operating ROA, with Q4 2023 showing an improvement to 8.16% compared to the previous quarter. This indicates that the company has been generating better operating profits relative to its total assets. Overall, Analog Devices Inc. has demonstrated varying levels of efficiency in utilizing its assets to generate operating income during the period under review.