Lattice Semiconductor Corporation (LSCC)

Operating return on assets (Operating ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	212,270	187,367	100,816	52,366	59,041
Total assets	US$ in thousands	840,894	798,713	726,494	680,067	612,016
Operating ROA		25.24%	23.46%	13.88%	7.70%	9.65%

December 31, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $212,270K ÷ $840,894K
= 25.24%

Lattice Semiconductor Corporation has exhibited a positive trend in its operating return on assets (operating ROA) over the past five years, reflecting the company's efficiency in generating operating income relative to its total assets. The operating ROA has consistently improved from 9.65% in 2019 to 25.24% in 2023. This indicates that the company has been able to enhance its operational efficiency and profitability by utilizing its assets more effectively to generate revenue.

The significant increase in operating ROA from 2022 to 2023, from 23.46% to 25.24%, suggests that Lattice Semiconductor Corporation has been able to further optimize its asset utilization and improve its operational performance. This could be attributed to factors such as cost management initiatives, operational efficiencies, strategic investments, or revenue growth outpacing asset growth.

Overall, the upward trajectory of Lattice Semiconductor Corporation's operating ROA signifies that the company has been successful in delivering value to its stakeholders by maximizing the return on its assets through effective operational management. However, continuous monitoring of this ratio is essential to ensure sustained performance and competitiveness in the semiconductor industry.