Plexus Corp (PLXS)

Return on assets (ROA)

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	139,094	138,243	138,912	117,479	108,616
Total assets	US$ in thousands	3,321,170	3,393,220	2,461,890	2,289,850	2,000,880
ROA		4.19%	4.07%	5.64%	5.13%	5.43%

September 30, 2023 calculation

ROA = Net income ÷ Total assets
= $139,094K ÷ $3,321,170K
= 4.19%

To analyze Plexus Corp.'s return on assets (ROA) over the past five years, we observe a consistent trend. The ROA has shown a slight fluctuation, varying between 4.07% and 5.64%. This performance indicates that Plexus Corp. has been able to generate an average of 4.81% in returns for every dollar of assets over this period. The slight decrease in ROA from 5.64% in 2021 to 4.19% in 2023 may be attributed to changes in the company's profitability or asset efficiency. Overall, Plexus Corp. has maintained a reasonably stable ROA, showing a consistent ability to generate returns from its assets.