Littelfuse Inc (LFUS)
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 | 259,485 | 309,908 | 327,588 | 344,533 | 373,306 | 331,946 | 348,532 | 343,611 | 283,806 | 290,839 | 254,141 | 163,055 | 129,986 | 93,663 | 73,954 | 126,737 | 139,082 | 149,093 | 166,992 | 165,526 |
| 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 |
| ROA | 6.49% | 7.74% | 8.24% | 8.70% | 9.56% | 8.79% | 9.83% | 10.76% | 9.00% | 9.57% | 8.68% | 5.85% | 4.73% | 3.53% | 2.83% | 4.85% | 5.43% | 5.84% | 6.37% | 6.31% |
December 31, 2023 calculation
ROA = Net income (ttm) ÷ Total assets
= $259,485K ÷ $3,995,280K
= 6.49%
Littelfuse Inc's return on assets (ROA) has exhibited variability over the past five years, ranging from as low as 2.83% in June 2020 to as high as 10.76% in March 2022. The trend indicates that there have been fluctuations in the company's ability to generate profits relative to its total assets during this period.
The ROA was relatively stable between June 2019 and September 2021, hovering between 5.84% and 9.57%. However, there was a significant decline in ROA from March 2021 to June 2021, dropping from 5.85% to 3.53%. Subsequently, there was a recovery in ROA, reaching 10.76% in March 2022, before fluctuating around the 8-9% range in the most recent quarters.
Overall, Littelfuse Inc's ROA performance suggests that the company has been able to effectively utilize its assets to generate profits, but there have been periods of both strength and weakness in this aspect of its financial performance. Further analysis of the company's operational efficiency and profitability drivers may provide insights into the factors influencing these fluctuations in ROA.
Peer comparison
Dec 31, 2023