Cirrus Logic Inc (CRUS)

Operating return on assets (Operating ROA)

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Operating income (ttm)	US$ in thousands	343,466	228,248	202,080	212,548	249,031	419,738	422,532	401,511	366,338	283,177	268,653	237,610	237,182	222,459	165,488	188,011	173,480	170,606	142,168	111,070
Total assets	US$ in thousands	2,231,580	2,217,110	2,104,450	2,056,590	2,063,970	2,165,890	2,164,070	2,105,900	2,123,400	2,068,120	2,226,160	1,814,010	1,830,610	1,825,630	1,699,860	1,644,040	1,592,680	1,647,540	1,583,630	1,470,120
Operating ROA		15.39%	10.29%	9.60%	10.33%	12.07%	19.38%	19.52%	19.07%	17.25%	13.69%	12.07%	13.10%	12.96%	12.19%	9.74%	11.44%	10.89%	10.36%	8.98%	7.56%

March 31, 2024 calculation

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

The operating return on assets (ROA) for Cirrus Logic Inc shows fluctuating trends over the past few quarters. The operating ROA increased from 8.98% in the first quarter of 2019 to 15.39% in the first quarter of 2024, indicating an improvement in the company's operational efficiency in generating profits from its assets.

There have been variations in the operating ROA figures quarter by quarter, with some quarters showing higher ratios than others. The highest operating ROA was observed in the third quarter of 2022 at 19.52%, followed closely by the fourth quarter of 2022 at 19.38%. These high ratios suggest that the company was able to efficiently utilize its assets to generate operating profits during those periods.

However, there were also quarters where the operating ROA was lower, such as the third quarter of 2019 and the first quarter of 2020, where the ratios were below 10%. These lower ratios may indicate challenges in effectively utilizing assets to generate profits during those specific periods.

Overall, the fluctuating trend in operating ROA for Cirrus Logic Inc suggests varying levels of operational efficiency and profitability over the analyzed periods. Investors and stakeholders may want to further investigate the reasons behind these fluctuations to assess the company's overall financial performance and sustainability.