Allegro Microsystems Inc (ALGM)

Return on assets (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
Net income (ttm)	US$ in thousands	152,697	221,789	252,963	237,960	187,357	150,996	119,413	101,985	119,407	102,435	64,404	40,802
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
ROA		9.98%	14.17%	19.69%	19.28%	15.86%	13.93%	12.19%	11.01%	13.38%	12.03%	8.02%	5.12%

March 31, 2024 calculation

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

Allegro Microsystems Inc's return on assets (ROA) shows the company's efficiency in generating profits from its assets. The trend in ROA over the provided periods indicates fluctuations.

The ROA was relatively high at 9.98% on March 31, 2024, compared to the previous years, suggesting improved asset utilization efficiency. The ROA peaked at 19.69% on September 30, 2023, reflecting strong profitability generated from the company's assets.

However, the ROA declined to 5.12% on June 30, 2021, indicating a period of lower profitability relative to the asset base. This trend continued with a modest increase to 8.02% on September 30, 2021, suggesting a slight improvement in asset productivity.

Overall, Allegro Microsystems Inc experienced fluctuations in ROA over the analyzed periods, with periods of both strong and weaker asset utilization efficiency. Further analysis of the company's financial performance and operational strategies may be necessary to understand the factors driving these changes in ROA.