Lattice Semiconductor Corporation (LSCC)

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	259,061	212,268	204,839	198,727	178,882	155,501	135,881	118,088	100,823	88,280	74,148	58,038	47,392	45,390	46,322	44,252	43,493	22,385	15,820	-12,962
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
ROA		30.81%	27.23%	26.99%	25.89%	22.40%	20.49%	18.43%	16.38%	13.88%	12.52%	10.69%	8.44%	6.97%	6.65%	6.85%	6.66%	7.11%	3.77%	2.57%	-2.01%

December 31, 2023 calculation

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

Lattice Semiconductor Corporation's Return on Assets (ROA) has shown a positive trend over the recent quarters, indicating an improvement in the company's ability to generate profits relative to its assets. The ROA increased from 22.40% in December 2022 to 30.81% in December 2023. This steady improvement suggests effective asset utilization and operational efficiency.

The company's ROA performance has generally been above 20% since March 2022, reflecting strong profitability in relation to the total assets employed. A higher ROA indicates better management of assets to generate earnings.

Considering the upward trend in ROA, Lattice Semiconductor Corporation appears to be efficiently utilizing its assets to drive profitability and create value for its shareholders. It is important to continue monitoring ROA to assess the company's ongoing financial performance and efficiency in generating returns from its asset base.