FormFactor Inc (FORM)

Return on assets (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
Net income (ttm)	US$ in thousands	82,387	-7,186	-7,206	22,208	50,738	90,362	106,508	94,171	83,924	77,300	79,694	82,258	78,523	77,886	63,274	49,753	39,346	105,810	105,219	107,394
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
ROA		7.44%	-0.70%	-0.70%	2.18%	5.03%	8.84%	10.22%	8.91%	8.22%	7.68%	8.06%	8.39%	8.15%	8.51%	7.16%	5.86%	4.68%	13.33%	13.89%	14.19%

December 31, 2023 calculation

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

FormFactor Inc's return on assets (ROA) has shown some variability over the last few quarters. The ROA for the company was positive in most quarters, indicating that the company is effectively utilizing its assets to generate profits. The ROA peaked at 14.19% in the first quarter of 2019, suggesting a high level of asset efficiency at that time.

However, there were some quarters where the ROA was negative, such as in September 2023 and June 2023. This indicates that the company may have struggled to generate profits relative to its asset base during those periods.

Overall, FormFactor Inc's ROA has generally been above 5% in recent quarters, which is a positive sign for investors as it indicates effective management of assets to generate profits. Investors and stakeholders should continue to monitor future ROA figures to assess the company's ability to generate returns from its asset base.