Micron Technology Inc (MU)
Operating return on assets (Operating ROA)
| Aug 29, 2024 | Aug 31, 2023 | Sep 1, 2022 | Sep 2, 2021 | Sep 3, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,304,000 | -5,745,000 | 9,702,000 | 6,283,000 | 3,003,000 |
| Total assets | US$ in thousands | 69,416,000 | 64,254,000 | 66,283,000 | 58,849,000 | 53,678,000 |
| Operating ROA | 1.88% | -8.94% | 14.64% | 10.68% | 5.59% |
August 29, 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 exhibited significant fluctuations over the past five years. In the most recent period ending on August 29, 2024, the company's operating ROA stood at a positive 1.88%, indicating that the company generated a modest return relative to its assets during this time.
In contrast, the operating ROA for the prior year ending on August 31, 2023, was negative at -8.94%, suggesting that the company experienced operational inefficiencies or challenges leading to a loss relative to its assets.
The performance of Micron Technology Inc improved notably in the fiscal year ending on September 1, 2022, with an operating ROA of 14.64%, reflecting a strong return on the company's assets. This improvement continued from the previous year ending on September 2, 2021, where the operating ROA was 10.68%, indicating sustained profitability and efficiency in asset utilization.
Looking back to September 3, 2020, Micron Technology Inc reported an operating ROA of 5.59%, which indicates a reasonable return on assets during that period.
Overall, the trend in Micron Technology Inc's operating ROA suggests fluctuations in operational performance and efficiency in leveraging its assets to generate returns over the past five years. It is essential for the company to continue monitoring and managing its operational effectiveness to ensure sustained profitability and value creation for its stakeholders.
Peer comparison
Aug 29, 2024