ON Semiconductor Corporation (ON)

Return on assets (ROA)

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	1,572,800	1,755,600	1,936,600	2,175,000	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
Total assets	US$ in thousands	14,089,800	13,923,600	13,658,800	13,482,900	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
ROA		11.16%	12.61%	14.18%	16.13%	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%

December 31, 2024 calculation

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

The return on assets (ROA) of ON Semiconductor Corporation has shown a generally positive trend over the analyzed period, starting at a modest 0.89% as of March 31, 2020, and gradually increasing to 11.16% by December 31, 2024. The company experienced a significant improvement in ROA from March 31, 2021, with a notable jump in performance.

The ROA peaked at 16.76% as of September 30, 2023, indicating that ON Semiconductor was effectively managing its assets to generate profits relative to the total assets employed. However, there was a slight decline in ROA in the subsequent periods, dropping to 11.16% by December 31, 2024.

Overall, the upward trajectory of ROA suggests that ON Semiconductor was efficient in utilizing its assets to generate profit, although the slight decline in the later periods may require further analysis to understand whether it was a temporary fluctuation or indicative of a trend.