Cirrus Logic Inc (CRUS)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	274,572	176,703	326,355	217,344	159,498
Total assets	US$ in thousands	2,231,580	2,063,970	2,123,400	1,830,610	1,592,680
ROA		12.30%	8.56%	15.37%	11.87%	10.01%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $274,572K ÷ $2,231,580K
= 12.30%

Cirrus Logic Inc's return on assets (ROA) has exhibited fluctuations over the past five years. The company's ROA for the fiscal year ending March 31, 2024, stands at 12.30%, showing an improvement compared to the previous year's ROA of 8.56%. The ROA was highest in March 31, 2022, at 15.37%, indicating strong asset utilization efficiency during that period.

Overall, Cirrus Logic has been able to generate a positive return on its assets consistently over the past five years, with ROA ranging from 8.56% to 15.37%. This suggests that the company has been effectively utilizing its assets to generate profits for its shareholders. It is important for investors to monitor ROA trends over time to assess the company's operational efficiency and profitability.