Diodes Incorporated (DIOD)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	44,024	61,075	96,050	170,070	227,182	293,941	331,607	329,742	331,283	304,745	286,783	262,002	228,763	192,985	151,713	117,372	98,088	115,543	126,451	141,702
Total assets	US$ in thousands	2,386,280	2,389,380	2,361,060	2,356,170	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
ROA		1.84%	2.56%	4.07%	7.22%	9.60%	12.56%	14.16%	14.43%	14.48%	12.90%	12.55%	12.10%	10.42%	9.45%	7.61%	5.90%	4.96%	5.68%	6.53%	8.75%

December 31, 2024 calculation

ROA = Net income (ttm) ÷ Total assets
= $44,024K ÷ $2,386,280K
= 1.84%

Based on the data provided, Diodes Incorporated's return on assets (ROA) has fluctuated over the given period. The ROA was 8.75% as of March 31, 2020, and exhibited a declining trend to a low of 1.84% by December 31, 2024.

The company's ROA saw a gradual decrease from 8.75% in March 2020 to 4.96% in December 2020. Subsequently, there was a moderate recovery with ROA increasing to 12.10% by March 31, 2022. The ROA peaked at 14.48% three months later and stayed relatively high for the next few quarters.

However, starting from June 30, 2023, the ROA began to decline significantly, reaching 1.84% by December 31, 2024. This trend suggests a potential decrease in the company's profitability in generating earnings from its assets during the latter period of the analyzed timeframe.

It is advisable for stakeholders to further investigate the factors contributing to the decline in ROA to assess the company's asset utilization efficiency and overall financial performance in more recent periods.