Micron Technology Inc (MU)
Return on assets (ROA)
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | Aug 29, 2024 | May 31, 2024 | May 30, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | Jun 1, 2023 | May 31, 2023 | Mar 2, 2023 | Feb 28, 2023 | Dec 1, 2022 | Nov 30, 2022 | Sep 1, 2022 | Aug 31, 2022 | Jun 2, 2022 | May 31, 2022 | Mar 3, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 5,227,000 | 3,976,000 | 2,438,000 | 2,344,000 | 223,000 | -1,539,000 | -3,767,000 | -6,452,000 | -7,530,000 | -8,425,000 | -6,724,000 | -5,016,000 | -1,212,000 | 2,605,000 | 5,426,000 | 8,236,000 | 9,007,000 | 9,778,000 | 9,458,000 | 9,138,000 |
| Total assets | US$ in thousands | 73,053,000 | 71,461,000 | 69,416,000 | 69,416,000 | 66,255,000 | 66,255,000 | 65,718,000 | 63,776,000 | 64,254,000 | 65,680,000 | 65,680,000 | 66,520,000 | 66,520,000 | 67,874,000 | 67,874,000 | 66,283,000 | 66,283,000 | 65,296,000 | 65,296,000 | 63,696,000 |
| ROA | 7.16% | 5.56% | 3.51% | 3.38% | 0.34% | -2.32% | -5.73% | -10.12% | -11.72% | -12.83% | -10.24% | -7.54% | -1.82% | 3.84% | 7.99% | 12.43% | 13.59% | 14.97% | 14.48% | 14.35% |
February 28, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $5,227,000K ÷ $73,053,000K
= 7.16%
Micron Technology Inc's return on assets (ROA) fluctuated over the past few years, ranging from a high of 14.97% on June 2, 2022, to a low of -12.83% on June 1, 2023. The ROA showed a declining trend from 2022 to early 2024, hitting negative percentages at various points. However, there was a notable improvement starting in August 2024, with the ROA increasing to 3.51% by August 31, 2024, and further growing to 7.16% by February 28, 2025.
The variation in ROA indicates fluctuations in the company's efficiency in generating profits from its assets. The negative ROA figures in the earlier periods suggest that the company was not effectively utilizing its assets to generate profits, possibly due to operational challenges or economic factors. The subsequent increase in ROA from late 2024 onwards reflects a turnaround in the company's asset utilization and profitability.
Overall, the analysis of Micron Technology Inc's ROA highlights both challenges and improvements in the company's ability to generate returns from its assets over the given time period.
Peer comparison
Feb 28, 2025
See also:
Micron Technology Inc Return on Assets (ROA) (Quarterly Data)