Micron Technology Inc (MU)
Return on assets (ROA)
| Aug 29, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | Mar 2, 2023 | Dec 1, 2022 | Sep 1, 2022 | Jun 2, 2022 | Mar 3, 2022 | Dec 2, 2021 | Sep 2, 2021 | Jun 3, 2021 | Mar 4, 2021 | Dec 3, 2020 | Sep 3, 2020 | May 28, 2020 | Feb 27, 2020 | Nov 28, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 778,000 | -1,539,000 | -3,767,000 | -6,872,000 | -5,833,000 | -2,911,000 | 1,611,000 | 6,186,000 | 8,687,000 | 9,915,000 | 9,024,000 | 7,364,000 | 5,861,000 | 4,129,000 | 3,197,000 | 2,999,000 | 2,687,000 | 2,260,000 | 2,297,000 | 3,511,000 |
| Total assets | US$ in thousands | 69,416,000 | 66,255,000 | 65,718,000 | 63,776,000 | 64,254,000 | 65,680,000 | 66,520,000 | 67,874,000 | 66,283,000 | 65,296,000 | 63,696,000 | 61,246,000 | 58,849,000 | 55,943,000 | 54,135,000 | 53,691,000 | 53,678,000 | 52,005,000 | 49,648,000 | 49,649,000 |
| ROA | 1.12% | -2.32% | -5.73% | -10.78% | -9.08% | -4.43% | 2.42% | 9.11% | 13.11% | 15.18% | 14.17% | 12.02% | 9.96% | 7.38% | 5.91% | 5.59% | 5.01% | 4.35% | 4.63% | 7.07% |
August 29, 2024 calculation
ROA = Net income (ttm) ÷ Total assets
= $778,000K ÷ $69,416,000K
= 1.12%
The return on assets (ROA) for Micron Technology Inc has exhibited fluctuations over the past several quarters. ROA is a key financial metric that indicates the company's efficiency in generating profits from its assets.
From August 2024 to November 2019, Micron's ROA ranged from -10.78% to 15.18%. The positive ROA figures in more recent quarters indicate that the company has been successful in generating profitability from its assets. This indicates that the company has been able to effectively utilize its assets to generate profits for its shareholders.
The ROA showed a negative trend in the earlier quarters, hitting a low of -10.78% in November 2023, which suggested that the company was facing challenges in effectively leveraging its assets to generate profits.
It is important to note that a high ROA may indicate efficient management of assets, while a low or negative ROA may suggest inefficiency in asset utilization.
Overall, Micron Technology Inc's ROA has displayed volatility, but the recent positive trend is indicative of improved profitability from its asset base. Monitoring this ratio over time can provide valuable insights into the company's operational efficiency and financial health.
Peer comparison
Aug 29, 2024
See also:
Micron Technology Inc Return on Assets (ROA) (Quarterly Data)