Lattice Semiconductor Corporation (LSCC)

Return on assets (ROA)

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	259,061	178,882	95,922	47,392	43,493
Total assets	US$ in thousands	840,894	798,713	726,494	680,067	612,016
ROA		30.81%	22.40%	13.20%	6.97%	7.11%

December 31, 2023 calculation

ROA = Net income ÷ Total assets
= $259,061K ÷ $840,894K
= 30.81%

Lattice Semiconductor Corporation's return on assets (ROA) has shown a positive trend over the past five years, increasing from 7.11% in 2019 to 30.81% in 2023. This indicates that the company has been more effective in utilizing its assets to generate profit. The significant uptrend in ROA reflects improvements in operational efficiency and asset management. Consistently high ROA values suggest that Lattice Semiconductor is adept at earning returns on its investments and managing its assets to maximize profitability. Overall, the increasing trend in ROA indicates improved financial performance and efficiency in utilizing assets over the years.