Lattice Semiconductor Corporation (LSCC)

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	212,270	223,137	215,022	208,738	187,367	163,187	141,400	121,629	104,515	92,011	77,810	63,277	52,366	50,525	54,399	56,303	59,041	41,830	38,101	10,151
Total assets	US$ in thousands	840,894	779,622	759,071	767,629	798,713	758,945	737,128	720,926	726,494	704,839	693,552	687,584	680,067	682,431	676,030	664,205	612,016	593,405	616,659	644,726
Operating ROA		25.24%	28.62%	28.33%	27.19%	23.46%	21.50%	19.18%	16.87%	14.39%	13.05%	11.22%	9.20%	7.70%	7.40%	8.05%	8.48%	9.65%	7.05%	6.18%	1.57%

December 31, 2023 calculation

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

Lattice Semiconductor Corporation's operating return on assets (operating ROA) has exhibited an improving trend over the past few quarters, indicating increasing efficiency in generating profits from its assets. From December 2019 to December 2023, the operating ROA has significantly increased from 1.57% to 25.24%, suggesting the company has been effectively utilizing its assets to generate operating income.

The operating ROA peaked at 28.62% in September 2023, reflecting a high level of profitability relative to the assets employed in the business. This peak was slightly lower in the subsequent quarters but remained relatively strong, with values above 25% consistently.

The substantial improvement in operating ROA indicates that Lattice Semiconductor has been successful in enhancing operational efficiency and profitability over the analyzed period. This trend reflects positively on the company's management of its assets to drive earnings growth. An increasing operating ROA signals that the company is effectively managing its operations to generate profits and is a positive indicator for investors and stakeholders.