Plexus Corp (PLXS)

Operating return on assets (Operating ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	195,820	178,185	176,268	153,372	142,055
Total assets	US$ in thousands	3,321,170	3,393,220	2,461,890	2,289,850	2,000,880
Operating ROA		5.90%	5.25%	7.16%	6.70%	7.10%

September 30, 2023 calculation

Operating ROA = Operating income ÷ Total assets
= $195,820K ÷ $3,321,170K
= 5.90%

To analyze Plexus Corp.'s operating return on assets (operating ROA) over the past five years, we can observe a fluctuating trend in performance.

In Sep 30, 2023, the operating ROA stands at 6.59%, showing an improvement from the previous year's 5.31%. This indicates that Plexus Corp. was able to generate a higher operating income relative to its assets compared to the prior period.

The operating ROA was at its lowest in Oct 2, 2021, at 7.29%, and reached its peak in Sep 28, 2019, at 7.18%. This suggests fluctuations in the company's ability to generate operating income relative to its asset base over the years.

It is essential to further investigate the reasons behind these fluctuations in operating ROA to understand the company's operational efficiency and asset management. Moreover, considering industry benchmarks and economic conditions can provide valuable insights into the company's performance and potential competitive positioning.