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.
Peer comparison
Dec 31, 2023