Ichor Holdings Ltd (ICHR)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-42,985	72,804	70,899	33,279	10,729
Total assets	US$ in thousands	938,481	1,083,740	1,020,880	774,172	566,555
ROA		-4.58%	6.72%	6.94%	4.30%	1.89%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $-42,985K ÷ $938,481K
= -4.58%

Ichor Holdings Ltd's return on assets (ROA) has fluctuated over the past five years, ranging from 1.89% in 2019 to -4.58% in 2023. The ROA measures the company's ability to generate profits relative to its total assets. The positive ROA values in 2022 and 2021 indicate that the company was efficient in utilizing its assets to generate profits during those years. However, the negative ROA of -4.58% in 2023 suggests that the company's profitability relative to its asset base deteriorated significantly that year. It is essential for stakeholders to monitor ROA trends to assess the company's operational efficiency and profitability.