Flex Ltd (FLEX)

Return on assets (ROA)

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	1,006,000	793,000	936,000	613,000	88,000
Total assets	US$ in thousands	18,257,000	21,407,000	19,325,000	15,836,000	13,690,000
ROA		5.51%	3.70%	4.84%	3.87%	0.64%

March 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,006,000K ÷ $18,257,000K
= 5.51%

Flex Ltd's return on assets (ROA) has demonstrated a positive trend over the past five years, indicating the company's ability to generate profits relative to its total assets. The ROA has increased from 0.64% in March 2020 to 5.51% in March 2024, pointing to an improvement in efficiency in utilizing its assets to generate earnings. This upward trajectory suggests that Flex Ltd has been effectively managing its assets to generate higher returns for its stakeholders. The consistent improvement in ROA reflects positively on the company's operational effectiveness and financial performance over the years.