Diodes Incorporated (DIOD)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	250,571	326,319	384,891	401,562	408,193	397,733	362,534	321,653	275,985	229,750	190,358	155,870	134,332	155,829	166,689	184,336	200,607	183,214	180,337	169,665
Total assets	US$ in thousands	2,367,660	2,340,220	2,341,070	2,285,560	2,288,310	2,362,560	2,285,040	2,165,460	2,194,500	2,041,910	1,992,970	1,990,340	1,979,460	2,032,650	1,937,160	1,620,270	1,639,380	1,609,810	1,614,160	1,613,000
Operating ROA		10.58%	13.94%	16.44%	17.57%	17.84%	16.83%	15.87%	14.85%	12.58%	11.25%	9.55%	7.83%	6.79%	7.67%	8.60%	11.38%	12.24%	11.38%	11.17%	10.52%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $250,571K ÷ $2,367,660K
= 10.58%

Diodes, Inc.'s operating return on assets (operating ROA) has shown a fluctuating trend over the past eight quarters. The company's operating ROA ranged from a low of 10.56% in Q4 2023 to a high of 17.68% in Q4 2022.

In general, a higher operating ROA indicates that the company is generating more operating income relative to its total assets, which is a positive sign of operational efficiency. The declining trend from Q4 2022 to Q4 2023 could suggest fluctuating operational performance or changes in asset utilization efficiency during this period.

It is important for investors and stakeholders to further investigate the reasons behind the fluctuations in operating ROA to assess the company's operating efficiency and financial performance in more detail. Additionally, comparing Diodes, Inc.'s operating ROA with industry benchmarks and its competitors could provide valuable insights into its relative performance in the market.