Plexus Corp (PLXS)

Return on assets (ROA)

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Net income	US$ in thousands	111,815	139,094	138,243	138,912	117,479
Total assets	US$ in thousands	3,153,820	3,321,170	3,393,220	2,461,890	2,289,850
ROA		3.55%	4.19%	4.07%	5.64%	5.13%

September 30, 2024 calculation

ROA = Net income ÷ Total assets
= $111,815K ÷ $3,153,820K
= 3.55%

Plexus Corp's Return on Assets (ROA) has exhibited a downward trend over the past five years. The ROA decreased from 5.13% in 2020 to 3.55% in 2024. The company's ability to generate profits from its assets has weakened over time, indicating potential inefficiencies in asset utilization or declining profitability. Further investigation into the underlying factors influencing this decline in ROA may be warranted to identify areas for improvement in operational efficiency and profitability.