MaxLinear Inc (MXL)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	-38,221	44,683	114,449	159,393	180,243	168,419	140,257	103,454	65,245	12,253	-46,108	-71,087	-101,139	-85,410	-54,169	-34,361	-22,057	-24,843	-34,077	-31,357
Total assets	US$ in thousands	1,080,260	1,103,790	1,161,480	1,198,480	1,180,020	1,182,700	1,180,690	1,099,130	1,050,380	1,053,890	1,026,630	998,599	1,022,440	1,007,780	693,060	693,425	705,791	706,765	729,160	748,882
Operating ROA		-3.54%	4.05%	9.85%	13.30%	15.27%	14.24%	11.88%	9.41%	6.21%	1.16%	-4.49%	-7.12%	-9.89%	-8.48%	-7.82%	-4.96%	-3.13%	-3.52%	-4.67%	-4.19%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $-38,221K ÷ $1,080,260K
= -3.54%

MaxLinear Inc's operating return on assets (operating ROA) is a measure of the company's ability to generate operating income from its assets. Examining the trend of the operating ROA over the past eight quarters, we observe a fluctuating pattern. The operating ROA stood at -1.48% as of December 31, 2023, reflecting a decline from the previous quarter, where it was 5.46% as of September 30, 2023.

The company experienced a notable peak in operating ROA at 15.70% as of December 31, 2022, which decreased slightly in the subsequent quarters. This suggests that the company's ability to generate operating income from its assets has fluctuated in recent periods. It would be beneficial to further investigate the factors contributing to these fluctuations in order to understand the drivers behind the changes in the operating ROA.