ON Semiconductor Corporation (ON)

Return on assets (ROA)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	1,572,800	2,183,700	1,902,200	1,009,600	234,200
Total assets	US$ in thousands	14,089,800	13,215,200	11,978,500	9,626,000	8,668,000
ROA		11.16%	16.52%	15.88%	10.49%	2.70%

December 31, 2024 calculation

ROA = Net income ÷ Total assets
= $1,572,800K ÷ $14,089,800K
= 11.16%

Based on the data provided, ON Semiconductor Corporation's return on assets (ROA) has significantly improved over the past five years.

In December 2020, the ROA was 2.70%, indicating that for every dollar of assets the company had, it generated a return of 2.70 cents.

By December 2021, the ROA had increased to 10.49%, showing a notable improvement in the company's asset utilization and profitability.

This positive trend continued in the following years, with the ROA reaching 15.88% in December 2022, 16.52% in December 2023, and then slightly declining to 11.16% by December 2024.

Overall, ON Semiconductor Corporation's ROA performance reflects a strong ability to generate profits relative to its asset base, with a notable increase in efficiency and profitability over the years, albeit with a slight decline in the most recent year. Continued monitoring of ROA trends will be essential to assess the company's ongoing financial performance and efficiency in utilizing its assets.