Benchmark Electronics Inc (BHE)

Return on assets (ROA)

		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	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	64,315	67,982	66,399	69,629	68,229	59,429	48,665	38,813	35,770	31,046	28,896	18,120	14,055	-571	650	13,504	23,425	58,072	58,735	60,231
Total assets	US$ in thousands	2,274,760	2,333,140	2,307,460	2,278,650	2,227,330	2,276,510	2,166,780	2,002,560	1,903,880	1,840,370	1,818,790	1,760,750	1,744,240	1,734,510	1,758,040	1,823,380	1,759,870	1,758,750	1,827,880	1,868,930
ROA		2.83%	2.91%	2.88%	3.06%	3.06%	2.61%	2.25%	1.94%	1.88%	1.69%	1.59%	1.03%	0.81%	-0.03%	0.04%	0.74%	1.33%	3.30%	3.21%	3.22%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $64,315K ÷ $2,274,760K
= 2.83%

Benchmark Electronics Inc.'s return on assets (ROA) has shown a fluctuating trend over the past eight quarters. In Q4 2023, the ROA was 2.83%, slightly lower than the 2.91% reported in Q3 2023. The ROA in Q2 2023 was 2.88%, showing a modest improvement compared to the previous quarter. However, the ROA decreased to 3.06% in Q1 2023, reaching the same level as Q4 2022.

Looking further back, the ROA in Q4 2022 and Q3 2022 was 3.06% and 2.61%, respectively, showing a positive but inconsistent trend. The ROA decreased to 2.25% in Q2 2022 and further dropped to 1.94% in Q1 2022.

Overall, the ROA of Benchmark Electronics Inc. has been relatively stable in recent quarters, with fluctuations observed within a narrow range. However, the company experienced a notable increase in ROA from Q1 2022 to Q4 2023, indicating improvements in the utilization of assets to generate profits. Further monitoring of the company's asset management efficiency and profitability is recommended to assess future performance.