Cirrus Logic Inc (CRUS)

Operating return on assets (Operating ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	343,466	249,031	366,338	237,182	173,480
Total assets	US$ in thousands	2,231,580	2,063,970	2,123,400	1,830,610	1,592,680
Operating ROA		15.39%	12.07%	17.25%	12.96%	10.89%

March 31, 2024 calculation

Operating ROA = Operating income ÷ Total assets
= $343,466K ÷ $2,231,580K
= 15.39%

Cirrus Logic Inc's operating return on assets (ROA) has shown fluctuating performance over the past five years. The operating ROA stood at 15.39% as of March 31, 2024, indicating that the company generated 15.39 cents of operating income for every dollar of assets. This represents an improvement compared to the previous year when the operating ROA was 12.07%.

Looking back further, in March 2022, Cirrus Logic had a relatively high operating ROA of 17.25%, which declined slightly to 12.96% in March 2021. The operating ROA was at its lowest at 10.89% in March 2020.

The fluctuation in the operating ROA over the years may suggest varying levels of efficiency in utilizing the company's assets to generate operating profits. Investors and stakeholders may further investigate the factors contributing to these fluctuations to assess the company's operational performance and profitability trends.