Plexus Corp (PLXS)

Operating return on assets (Operating 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
Operating income (ttm)	US$ in thousands	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	142,055	141,493	139,536
Total assets	US$ in thousands	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	2,000,880	2,016,230	2,000,850
Operating ROA		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%	7.10%	7.02%	6.97%

December 31, 2023 calculation

Operating ROA = Operating income (ttm) ÷ Total assets
= $183,637K ÷ $3,304,610K
= 5.56%

Operating return on assets (operating ROA) for Plexus Corp has shown relatively stable performance over the past five quarters, ranging from 4.85% to 6.69%. The trend indicates a gradual increase from the first quarter of 2021 to the second quarter of 2022, peaking at 8.66%. However, from the third quarter of 2022 onwards, there has been a slight decline, with the latest figure standing at 5.56% as of December 31, 2023.

Overall, the operating ROA of Plexus Corp has fluctuated within a relatively narrow range, suggesting that the company has been efficiently generating profits from its assets over the periods analyzed. It would be beneficial to further investigate the factors contributing to the fluctuations observed in the operating ROA to better understand the company's operational efficiency and profitability.