Micron Technology Inc (MU)
Operating return on assets (Operating ROA)
| Aug 31, 2024 | Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Aug 31, 2022 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,304,000 | 1,304,000 | -5,745,000 | 9,702,000 | 9,702,000 |
| Total assets | US$ in thousands | 69,416,000 | 69,416,000 | 64,254,000 | 66,283,000 | 66,283,000 |
| Operating ROA | 1.88% | 1.88% | -8.94% | 14.64% | 14.64% |
August 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $1,304,000K ÷ $69,416,000K
= 1.88%
The operating return on assets (ROA) for Micron Technology Inc has shown fluctuations over the period in question. As of August 31, 2022, and September 1, 2022, the operating ROA stood at a healthy 14.64%. However, there was a notable decline in performance by August 31, 2023, with the operating ROA turning negative at -8.94%. This negative trend was reversed in the following years, as seen in August 29, 2024, and August 31, 2024, where the operating ROA recovered to 1.88%. It is essential to investigate the factors contributing to the negative operating ROA in 2023 to understand the company's performance and prospects for the future.
Peer comparison
Aug 31, 2024