ON Semiconductor Corporation (ON)

Return on assets (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
Net income (ttm)	US$ in thousands	2,183,700	2,225,300	1,954,500	1,833,700	1,902,200	1,723,800	1,721,600	1,449,900	1,009,600	672,700	523,600	338,100	234,200	201,700	-19,600	83,600	211,700	320,800	548,400	601,900
Total assets	US$ in thousands	13,215,200	13,281,300	12,762,700	12,274,300	11,978,500	11,100,700	10,788,700	10,212,400	9,626,000	8,940,700	8,594,400	8,630,400	8,668,000	9,254,000	9,527,800	9,420,800	8,425,500	8,522,300	8,524,500	7,564,300
ROA		16.52%	16.76%	15.31%	14.94%	15.88%	15.53%	15.96%	14.20%	10.49%	7.52%	6.09%	3.92%	2.70%	2.18%	-0.21%	0.89%	2.51%	3.76%	6.43%	7.96%

December 31, 2023 calculation

ROA = Net income (ttm) ÷ Total assets
= $2,183,700K ÷ $13,215,200K
= 16.52%

The return on assets (ROA) of ON Semiconductor Corp. has demonstrated a positive trend over the past eight quarters, ranging from 14.20% to 16.76%. The company's ability to generate income relative to its total assets improved in the most recent quarter, reaching 16.52% in Q4 2023, slightly lower than the previous quarter. ON Semiconductor Corp. has consistently maintained a strong ROA above 14%, indicating efficient utilization of assets to generate profits. This consistent performance suggests effective management of assets and operational efficiency, potentially leading to enhanced shareholder value and financial stability.