Allegro Microsystems Inc (ALGM)

Operating return on assets (Operating ROA)

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 23, 2022	Sep 23, 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
Operating income (ttm)	US$ in thousands	196,244	243,451	272,393	259,316	203,307	170,452	140,429	119,145	136,650	125,849	66,020	39,868
Total assets	US$ in thousands	1,530,600	1,565,300	1,284,940	1,234,090	1,181,160	1,084,060	979,802	926,113	892,620	851,417	803,251	796,887	747,678	711,898	779,699
Operating ROA		12.82%	15.55%	21.20%	21.01%	17.21%	15.72%	14.33%	12.87%	15.31%	14.78%	8.22%	5.00%

March 31, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $196,244K ÷ $1,530,600K
= 12.82%

Allegro Microsystems Inc's operating return on assets (operating ROA) has shown fluctuations over the past several quarters. The operating ROA was relatively consistent in the range of 12% to 15% for most of the quarters, indicating the company's ability to generate operating profits relative to its total assets during those periods.

However, there were instances of higher operating ROA in certain quarters, such as in September 2023 and June 2023 when it reached 21.20% and 21.01% respectively. These spikes suggest that the company may have experienced increased operating efficiency and profitability during those specific periods.

Conversely, there were also quarters with lower operating ROA figures, such as in June 2021 and December 2021 when it dropped to 8.22% and 5.00% respectively. These lower figures could indicate challenges or inefficiencies in the company's operations during those periods.

Overall, Allegro Microsystems Inc's operating ROA trend indicates fluctuations in its profitability and operational efficiency over the examined quarters. Further analysis would be needed to understand the specific factors driving these fluctuations and to assess the long-term sustainability of the company's performance.