NXP Semiconductors NV (NXPI)
Return on assets (ROA)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 2,797,000 | 2,787,000 | 1,871,000 | 52,000 | 243,000 |
| Total assets | US$ in thousands | 24,353,000 | 23,236,000 | 20,864,000 | 19,847,000 | 20,016,000 |
| ROA | 11.49% | 11.99% | 8.97% | 0.26% | 1.21% |
December 31, 2023 calculation
ROA = Net income ÷ Total assets
= $2,797,000K ÷ $24,353,000K
= 11.49%
NXP Semiconductors NV's return on assets (ROA) has shown fluctuations over the past five years. The ROA was 11.49% in 2023, slightly lower than the 11.99% recorded in 2022. This indicates that the company generated $0.1149 in net income for every dollar of assets in 2023. The ROA trended upward compared to 2021 when it was 8.97%, reflecting improved efficiency in asset utilization.
The significant improvement in ROA from 2020, where it was a mere 0.26%, to 2021 suggests a more effective management of assets by the company. However, the ROA had a noticeable decline from 2019 when it stood at 1.21%. This indicates that the company may have faced challenges or inefficiencies in asset management during that period.
Overall, NXP Semiconductors NV's ROA performance has been relatively strong in recent years, indicating effective utilization of assets to generate profits, with some fluctuations that may require further investigation.
Peer comparison
Dec 31, 2023