Littelfuse Inc (LFUS)
Operating return on assets (Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 360,862 | 390,541 | 418,766 | 460,877 | 500,826 | 499,421 | 497,658 | 459,751 | 385,642 | 357,859 | 302,310 | 194,103 | 162,372 | 129,675 | 112,284 | 176,868 | 192,791 | 212,102 | 241,163 | 248,151 |
| Total assets | US$ in thousands | 3,995,280 | 4,002,930 | 3,975,710 | 3,961,740 | 3,903,730 | 3,777,930 | 3,544,470 | 3,193,170 | 3,151,700 | 3,038,520 | 2,927,500 | 2,786,870 | 2,747,590 | 2,654,370 | 2,611,060 | 2,612,630 | 2,559,900 | 2,551,360 | 2,621,580 | 2,625,020 |
| Operating ROA | 9.03% | 9.76% | 10.53% | 11.63% | 12.83% | 13.22% | 14.04% | 14.40% | 12.24% | 11.78% | 10.33% | 6.96% | 5.91% | 4.89% | 4.30% | 6.77% | 7.53% | 8.31% | 9.20% | 9.45% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $360,862K ÷ $3,995,280K
= 9.03%
Operating return on assets (operating ROA) is a key financial ratio that measures a company's ability to generate profits from its assets used in operations. The trend analysis of Littelfuse Inc's operating ROA over the past few quarters shows fluctuations.
Starting from the March 2019 quarter, the operating ROA was at 9.45%, gradually increasing over the next few quarters to reach its peak at 14.40% in the March 2022 quarter. Subsequently, there was a slight dip to 12.83% in the June 2022 quarter before rising again to peak at 14.40% in the March 2022 quarter.
However, the trend shifted in the latter half of 2022 and continued into 2023, with a decline in operating ROA. The operating ROA decreased to 9.03% in the most recent quarter, December 2023, marking a significant decrease from the peak levels seen in the previous years.
Overall, the fluctuating trend in operating ROA may indicate changes in the efficiency and profitability of Littelfuse Inc in utilizing its assets to generate operating income. Further analysis and investigation into the company's operational performance and asset management strategies would be necessary to understand the reasons behind the observed fluctuations in operating ROA.
Peer comparison
Dec 31, 2023