Allegro Microsystems Inc (ALGM)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net income	US$ in thousands	152,697	187,357	119,407	17,953
Total assets	US$ in thousands	1,530,600	1,181,160	892,620	747,678
ROA		9.98%	15.86%	13.38%	2.40%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $152,697K ÷ $1,530,600K
= 9.98%

Allegro Microsystems Inc's return on assets (ROA) has varied over the past four years. In the most recent fiscal year ending March 31, 2024, the ROA was 9.98%, showing a decrease from the prior year's ROA of 15.86% ending March 31, 2023. The ROA was relatively high in the fiscal year ending March 31, 2023, indicating that Allegro Microsystems Inc was efficient in generating profit from its assets.

In the fiscal year ending March 31, 2022, the ROA was 13.38%, which was lower than the previous year but still strong, demonstrating the company's ability to use its assets effectively to generate earnings.

However, in the fiscal year ending March 31, 2021, Allegro Microsystems Inc's ROA was relatively low at 2.40%, indicating a decrease in the company's ability to generate profit from its assets compared to the previous year.

Overall, Allegro Microsystems Inc's ROA has shown fluctuations over the past four years, with the company experiencing both highs and lows in terms of its efficiency in generating returns from its assets. It is essential for the company to monitor and manage its assets effectively to maintain a stable and profitable ROA in the future.