Diodes Incorporated (DIOD)

Return on assets (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
Net income (ttm)	US$ in thousands	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	153,250	135,579	128,427	117,211
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
ROA		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%	9.35%	8.42%	7.96%	7.27%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $227,182K ÷ $2,367,660K
= 9.60%

Diodes, Inc.'s Return on Assets (ROA) shows the efficiency of the company in generating profits relative to its total assets. The trend of ROA over the quarters indicates the company's ability to utilize its assets effectively.

From Q1 2022 to Q1 2023, Diodes, Inc.'s ROA has generally been increasing, indicating improved profitability in relation to its assets. The ROA was at its lowest point in Q4 2023 at 9.60% and reached its peak in Q1 2023 at 14.43%.

The overall trend suggests that the company has been managing its assets more efficiently in recent quarters. However, a slight decrease in ROA in Q4 2023 compared to the previous quarters might warrant further investigation into the company's asset management practices to ensure sustained profitability.