FormFactor Inc (FORM)

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	82,756	-14,459	-13,139	20,819	54,912	102,647	121,873	109,577	98,038	87,076	85,860	88,003	83,788	86,678	73,976	60,478	49,662	37,740	37,773	40,089
Total assets	US$ in thousands	1,106,790	1,032,970	1,025,140	1,019,760	1,008,230	1,022,360	1,042,450	1,056,880	1,020,520	1,006,590	988,546	980,211	963,217	915,607	884,234	849,379	839,882	793,605	757,569	756,621
Operating ROA		7.48%	-1.40%	-1.28%	2.04%	5.45%	10.04%	11.69%	10.37%	9.61%	8.65%	8.69%	8.98%	8.70%	9.47%	8.37%	7.12%	5.91%	4.76%	4.99%	5.30%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $82,756K ÷ $1,106,790K
= 7.48%

FormFactor Inc's operating return on assets (operating ROA) has shown some fluctuation over the past several quarters. The operating ROA for the latest quarter, ending on December 31, 2023, was 7.48%, indicating that the company generated a return of 7.48% on its operating assets during that period.

Looking at the trend over the past few quarters, operating ROA has been somewhat volatile, with values ranging from -1.40% to 11.69%. While the operating ROA showed a positive trend in the earlier quarters of 2022, it dipped significantly in the recent quarters.

It is important for investors and stakeholders to closely monitor FormFactor Inc's operating ROA to assess the efficiency and profitability of the company in utilizing its assets to generate operating income. Continued fluctuations in the operating ROA may indicate changing business conditions, operational challenges, or strategic shifts within the company.