Alpha and Omega Semiconductor Ltd (AOSL)
Operating return on assets (Operating ROA)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 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 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | -18,317 | -18,163 | -13,389 | -3,756 | 355 | -4,046 | 5,873 | 12,658 | 19,598 | 57,132 | 76,064 | 84,847 | 97,658 | 92,825 | 78,698 | 64,076 | 40,386 | 13,971 | -2,989 | -13,937 |
| Total assets | US$ in thousands | 1,116,370 | 1,133,940 | 1,137,620 | 1,145,010 | 1,154,050 | 1,176,350 | 1,206,370 | 1,199,740 | 1,253,310 | 1,285,640 | 1,311,440 | 1,298,630 | 1,209,170 | 1,111,880 | 991,678 | 918,573 | 874,391 | 853,165 | 811,748 | 792,939 |
| Operating ROA | -1.64% | -1.60% | -1.18% | -0.33% | 0.03% | -0.34% | 0.49% | 1.06% | 1.56% | 4.44% | 5.80% | 6.53% | 8.08% | 8.35% | 7.94% | 6.98% | 4.62% | 1.64% | -0.37% | -1.76% |
March 31, 2025 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $-18,317K ÷ $1,116,370K
= -1.64%
The operating return on assets (ROA) of Alpha and Omega Semiconductor Ltd exhibits notable fluctuations over the given period, reflecting changing operational efficiencies and profitability dynamics.
From June 30, 2020, to December 31, 2020, the operating ROA transitioned from a negative value of -1.76% to a positive 1.64%, indicating an improvement in operating performance. This positive trend continued into the first quarter of 2021, with ROA reaching 4.62%, suggesting enhanced profitability relative to the company's asset base.
Throughout 2021, the operating ROA sustained an upward trajectory, peaking at 8.35% by the end of December. The sustained increase reflects a period of operational strength and effective asset utilization. In the first half of 2022, the ratio remained relatively high at 8.08% during March, but subsequently saw a gradual decline to 6.53% by June and further down to 4.44% by December 2022.
Entering 2023, the operating ROA declined sharply, registering 1.56% in March, decreasing further to 1.06% by June, and continuing downward through September at 0.49%. Towards the end of 2023, the ratio turned negative at -0.34% in December, indicating that the company's operations were no longer generating sufficient profit to cover asset costs.
In 2024, the negative trend persisted with values of -0.33% at June, -1.18% at September, and reaching -1.60% at December, illustrating a sustained decline in operational efficiency. The further negative movement continued into March 2025, with an operating ROA of -1.64%, emphasizing ongoing operational challenges.
Overall, the data depict a period of initial recovery and growth from mid-2020 through 2021, followed by a consistent downward trend starting in 2022, leading to negative operating ROA by late 2023 and into 2024 and 2025. This pattern suggests deterioration in operational profitability and asset utilization efficiency over the recent fiscal periods.
Peer comparison
Mar 31, 2025