FormFactor Inc (FORM)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	82,387	50,738	83,924	78,523	39,346
Total assets	US$ in thousands	1,106,790	1,008,230	1,020,520	963,217	839,882
ROA		7.44%	5.03%	8.22%	8.15%	4.68%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $82,387K ÷ $1,106,790K
= 7.44%

FormFactor Inc's return on assets (ROA) has fluctuated over the past five years, ranging from a low of 4.68% in 2019 to a high of 8.22% in 2021. The ROA for the most recent year, 2023, stands at 7.44%, showing an improvement compared to the prior year, where it was at 5.03%.

Overall, the company's ROA indicates its ability to generate profit from its assets, with a higher ROA suggesting better efficiency in asset utilization. It is important for investors and stakeholders to monitor the trend in ROA over time to assess the company's operational performance and profitability relative to the assets it holds.