Plexus Corp (PLXS)

Operating return on assets (Operating ROA)

		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	Dec 31, 2019
Operating income (ttm)	US$ in thousands	167,732	167,207	156,165	183,637	195,820	204,801	226,158	205,053	178,185	158,213	145,025	159,875	176,268	184,302	193,782	160,304	153,372	140,523	129,073	145,038
Total assets	US$ in thousands	3,153,820	3,170,880	3,276,660	3,304,610	3,321,170	3,418,940	3,382,020	3,395,290	3,393,220	3,204,460	2,990,050	2,709,650	2,461,890	2,321,440	2,236,800	2,272,060	2,289,850	2,288,520	2,095,200	2,110,100
Operating ROA		5.32%	5.27%	4.77%	5.56%	5.90%	5.99%	6.69%	6.04%	5.25%	4.94%	4.85%	5.90%	7.16%	7.94%	8.66%	7.06%	6.70%	6.14%	6.16%	6.87%

September 30, 2024 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $167,732K ÷ $3,153,820K
= 5.32%

Operating return on assets (operating ROA) is a key financial ratio that indicates a company's ability to generate operating profit from its assets. In the case of Plexus Corp, the operating ROA has shown some fluctuations over the past several quarters. From Dec 31, 2019, to Sep 30, 2024, the operating ROA ranged from 4.77% to 8.66%.

The trend of Plexus Corp's operating ROA indicates that it experienced a peak at 8.66% in Mar 31, 2021, followed by a gradual decline and some volatility in subsequent quarters. The company's operating ROA decreased to 5.32% in Sep 30, 2024, compared to the previous quarter at 5.27%.

Overall, despite some fluctuations, Plexus Corp has generally maintained a relatively stable operating ROA above 5% over the past several quarters. The company should continue monitoring and managing its operational efficiency and asset utilization to improve its profitability and return on assets in the future.