Cirrus Logic Inc (CRUS)

Return on assets (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
Net income (ttm)	US$ in thousands	274,572	176,061	140,815	152,596	176,703	326,786	350,945	348,853	326,355	255,222	241,954	216,344	217,344	202,221	156,365	173,089	159,498	155,497	116,918	98,881
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
ROA		12.30%	7.94%	6.69%	7.42%	8.56%	15.09%	16.22%	16.57%	15.37%	12.34%	10.87%	11.93%	11.87%	11.08%	9.20%	10.53%	10.01%	9.44%	7.38%	6.73%

March 31, 2024 calculation

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

Cirrus Logic Inc's return on assets (ROA) has fluctuated over the past few quarters, ranging from a low of 6.69% in September 2023 to a high of 16.57% in June 2022. The ROA for the most recent quarter ending March 31, 2024, stands at 12.30%.

The upward trend in ROA from September 2023 to March 2024 indicates that the company has been more efficient in generating profits from its assets. However, the current ROA is still lower than the peaks achieved in 2022. This suggests that there may be room for improvement in asset utilization to achieve more favorable returns for shareholders.

Overall, the historical ROA data reflects varying levels of efficiency in utilizing the company's assets to generate profits. It is essential for management to continue monitoring and optimizing asset management strategies to sustain or improve ROA levels in the future.