FormFactor Inc (FORM)
Return on assets (ROA)
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 69,614 | 82,387 | 50,738 | 83,924 | 78,523 |
| Total assets | US$ in thousands | 1,146,220 | 1,106,790 | 1,008,230 | 1,020,520 | 963,217 |
| ROA | 6.07% | 7.44% | 5.03% | 8.22% | 8.15% |
December 31, 2024 calculation
ROA = Net income ÷ Total assets
= $69,614K ÷ $1,146,220K
= 6.07%
FormFactor Inc's return on assets (ROA) has shown some fluctuations over the years based on the provided data. In December 31, 2020, the ROA was at 8.15%, which slightly increased to 8.22% by December 31, 2021. However, there was a notable decrease in ROA to 5.03% by December 31, 2022. The company managed to improve its ROA to 7.44% by December 31, 2023, but it declined again to 6.07% by December 31, 2024.
Overall, FormFactor Inc's ROA indicates the company's ability to generate profits relative to the size of its assets. The fluctuations in ROA suggest changes in the company's efficiency in utilizing its assets to generate earnings over the specified periods. Further analysis of the company's operational efficiency and asset management practices may be necessary to understand the drivers behind these fluctuations in ROA.
Peer comparison
Dec 31, 2024