Amkor Technology Inc (AMKR)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 359,813 | 765,823 | 642,995 | 338,138 | 120,888 |
| Total assets | US$ in thousands | 6,771,120 | 6,821,760 | 6,038,550 | 5,022,310 | 4,695,620 |
| ROA | 5.31% | 11.23% | 10.65% | 6.73% | 2.57% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $359,813K ÷ $6,771,120K
= 5.31%
AMKOR Technology Inc.'s return on assets (ROA) has fluctuated over the past five years, ranging from 2.57% in 2019 to 11.23% in 2022. In 2023, the ROA decreased to 5.31%. This indicates that the company generated 5.31 cents of profit for every dollar of assets in 2023.
The decreasing trend in ROA from 2022 to 2023 may suggest a decline in the company's efficiency in utilizing its assets to generate profits. Further analysis would be required to understand the factors contributing to this change in ROA and whether it is a temporary fluctuation or a persistent issue that needs addressing. Overall, AMKOR Technology Inc.'s ROA performance has shown variability over recent years, highlighting the importance of monitoring and managing asset efficiency for sustainable financial performance.
Peer comparison
Dec 31, 2023