Ichor Holdings Ltd (ICHR)

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	-42,985	-16,889	22,567	64,760	72,804	73,466	62,972	64,300	70,899	68,561	60,572	44,518	33,279	28,710	19,085	12,610	10,729	6,262	14,976	42,680
Total assets	US$ in thousands	938,481	994,384	1,003,360	1,040,150	1,083,740	1,102,740	1,065,700	1,020,360	1,020,880	828,537	822,449	782,209	774,172	605,441	598,876	564,019	566,555	506,866	489,952	495,389
ROA		-4.58%	-1.70%	2.25%	6.23%	6.72%	6.66%	5.91%	6.30%	6.94%	8.27%	7.36%	5.69%	4.30%	4.74%	3.19%	2.24%	1.89%	1.24%	3.06%	8.62%

December 31, 2023 calculation

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

Ichor Holdings Ltd's return on assets (ROA) has shown fluctuating trends over the past five years. The ROA decreased from 8.62% in December 2019 to -4.58% in December 2023, indicating a significant decline in profitability. This negative trend continued until June 2022, where the ROA reached its lowest point at 2.24%.

However, from June 2022 onwards, there was an improvement in ROA performance, with an upward trend observed. By March 2023, the ROA had increased to 6.23%, signaling better asset utilization and profitability. The positive momentum continued with a peak ROA of 8.27% in September 2021.

Overall, Ichor Holdings Ltd's ROA has demonstrated variability, with periods of both decline and recovery. It is essential for the company to sustain and build upon the recent positive performance to enhance profitability and ensure efficient asset management in the future.